Ambac's Insurance Unit Cut to AA From AAA by Fitch Ratings
Story date: 2008-01-18 09:13:00
Added on: 2008-01-18 22:24:37
Bloomberg - Jan. 19 (Bloomberg) -- Ambac Financial Group Inc., the second-largest bond insurer, was stripped of its AAA credit rating ... The industry guaranteed $100 billion of collateralized debt obligations linked to subprime mortgages, $22 billion of non-prime ...
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