International Business News - Ambac http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Moody's Investors Service said late Thursday it has placed its "Aa3" insurance financial strength rating for Ambac Financial Group Inc. under review for possible downgrade. http://www.ibtimes.com/articles/20080919/moodys-places-ambac-ratings-under-review.htm Fri, 19 Sep 2008 09:17:51 EDT Bond insurer Ambac Financial Group Inc. said Wednesday it has limited direct exposure to Lehman Brothers Holdings Inc. and its subsidiaries. The New York-based insurer said its exposure to Lehman was limited to six interest rate and currency swaps in which Lehman is the swap counterparty. http://www.ibtimes.com/articles/20080917/ahead-of-the-bell-ambac-discloses-lehman-exposure.htm Wed, 17 Sep 2008 09:01:38 EDT Bond insurer Ambac Financial Group Inc. said Monday that Wisconsin's Office of the Commissioner of Insurance has approved up to $1 billion in future intercompany asset sales and secured lending transactions between Ambac Assurance Corp. and its investment agreement business affiliates. http://www.ibtimes.com/articles/20080908/regulator-gives-ambac-1b-for-intercompany-deals.htm Mon, 08 Sep 2008 09:54:02 EDT Shares of Ambac Financial Group Inc. surged Wednesday, a day after the bond insurer said its plans for a new insurance subsidiary had been approved by Wisconsin insurance regulators. http://www.ibtimes.com/articles/20080903/ambac-shares-soar-after-regulators-ok-new-unit.htm Wed, 03 Sep 2008 17:41:18 EDT Bond insurer Ambac Financial Group Inc. said Tuesday it has received approval from Wisconsin insurance regulators for its plans for a new insurance subsidiary. http://www.ibtimes.com/articles/20080902/ambac-wins-wisconsin-approval-for-unit.htm Tue, 02 Sep 2008 20:06:21 EDT Shares of bond insurer Ambac Financial Group Inc. fell Monday after getting a boost from Freddie Mac's successful debt auction, despite a decline in the broader market on higher oil prices. http://www.ibtimes.com/articles/20080825/ambac-financial-group-shares-rise.htm Mon, 25 Aug 2008 17:46:59 EDT Shares of Ambac Financial Group Inc. rose sharply Friday after ratings agency Standard & Poor's took the bond insurer off a negative credit watch. A negative credit watch means there is a 50 percent chance of a ratings downgrade within three months. http://www.ibtimes.com/articles/20080815/ambac-shares-jump-as-s-p-removes-it-from-watch.htm Fri, 15 Aug 2008 17:32:26 EDT Standard & Poor's said late Thursday it is no longer reviewing its ratings on the insurance arms of MBIA Inc. and Ambac Financial Group Inc. for downgrade, though it retained a negative outlook on both companies. http://www.ibtimes.com/articles/20080815/s-p-mbia-ambac-insurance-off-downgrade-watch.htm Fri, 15 Aug 2008 07:45:04 EDT Among the premarket stories for Friday, Aug. 8, from AP Financial News: NEW YORK (AP)--An analyst on Friday downgraded Ambac Financial Group Inc. to "Underweight," calling the bond insurer's business model "broken." http://www.ibtimes.com/articles/20080808/premarket-roundup-ambac-anadigics.htm Fri, 08 Aug 2008 09:34:02 EDT An analyst on Friday downgraded Ambac Financial Group Inc. to "Underweight," calling the bond insurer's business model "broken." On Wednesday, Ambac posted a loss on an operating basis during the second quarter because of expected losses on insurance contracts. But after accounting for special non-cash gains from the same portfolio, the company posted a net profit. http://www.ibtimes.com/articles/20080808/jpmorgan-analyst-downgrades-ambac-to-underweight.htm Fri, 08 Aug 2008 09:19:34 EDT Bond insurer Ambac Financial Group Inc. said Wednesday it expects state regulators in Wisconsin to approve its plans for a new insurance subsidiary. The subsidiary, Connie Lee, would provide insurance on only U.S. public finance and global infrastructure and avoid the insurance contracts on complex financial products that have plagued Ambac's current insurance unit and other bond insurers since late last year. http://www.ibtimes.com/articles/20080806/ambac-expects-regulatory-approval-for-connie-lee.htm Wed, 06 Aug 2008 09:15:35 EDT Ambac Financial Group Inc. on Wednesday reported an operating loss during the second quarter because of expected losses on insurance contracts, but at the same time posted a net profit because of how it must account for special non-cash gains from the same complex portfolio. http://www.ibtimes.com/articles/20080806/ambac-financial-2q-earnings-more-than-quadruple.htm Wed, 06 Aug 2008 16:31:52 EDT Ambac Financial Group Inc. reports second-quarter financial results Wednesday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080805/earnings-preview-ambac-financial-group.htm Tue, 05 Aug 2008 14:30:52 EDT Shares of Ambac Financial Group Inc. skyrocketed Friday after the bond insurer reached a deal to reduce some of its exposure to risky debt. Ambac shares rose $1.27, or 50.4 percent, to end at $3.79. http://www.ibtimes.com/articles/20080801/ambac-shares-skyrocket-on-cdo-exposure-reduction.htm Fri, 01 Aug 2008 19:49:16 EDT Bond insurer Ambac Financial Group Inc. said Friday it settled one of its largest exposures to risky collateralized debt obligations. Ambac agreed to pay $850 million to end an insurance agreement covering a $1.4 billion CDO transaction. So-called CDOs are complex financial instruments that combine various slices of debt. http://www.ibtimes.com/articles/20080801/ambac-financial-group-reduces-cdo-exposure.htm Fri, 01 Aug 2008 12:35:15 EDT Bond insurer Ambac Financial Group Inc. said Friday it is insuring a $264 million privatization of 3,500 Air Force housing units. The project to privatize 3,500 existing single-family and townhouse-style housing units will take place at three separate bases. Ambac is collaborating with the Air Force, Balfour Beatty Construction Co., and Capmark Finance. http://www.ibtimes.com/articles/20080711/ambac-insuring-264-million-for-air-force-project.htm Fri, 11 Jul 2008 15:49:33 EDT Bond insurer Ambac Financial Group Inc. on Monday said it has enough liquidity to operate, responding to investor speculation to the contrary. "It is important for us to continually communicate that we have ample liquidity to manage our commitments going forward," said Chairman and Chief Executive Michael Callen in a statement. http://www.ibtimes.com/articles/20080707/ambac-financial-says-it-has-enough-liquidity.htm Mon, 07 Jul 2008 17:38:59 EDT Bond insurer Ambac Financial Group Inc. said Monday that after discussions with the Office of the Commissioner of Insurance in Wisconsin, it is hopeful it will be able to fund its municipal bond insurance unit Connie Lee. http://www.ibtimes.com/articles/20080707/ambac-seeks-approval-to-fund-connie-lee-unit.htm Mon, 07 Jul 2008 14:09:53 EDT Bond insurer Ambac Financial Group Inc. said Thursday its board of directors approved a plan to repurchase up to $50 million in common stock. Based on Wednesday's closing price of $1.16, Ambac Financial would be able to repurchase about 43.1 million shares of outstanding common stock. http://www.ibtimes.com/articles/20080703/ambac-board-approves-stock-repurchase.htm Thu, 03 Jul 2008 12:39:50 EDT Fitch Ratings has withdrawn its ratings for Ambac Financial and MBIA Inc. after the troubled bond insurers stopped providing private information to the agency. http://www.ibtimes.com/articles/20080626/fitch-withdraws-ratings-for-ambac-mbia.htm Thu, 26 Jun 2008 15:45:18 EDT