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<item><link>http://www.alacrastore.com/storecontent/ccbn/B2517145</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">B2517145</ccbn:docid><guid isPermaLink="false">ccbn/B2517145</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>04 Nov 2009 03:07:47 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2517145</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Edited Brief of ABK earnings conference call or presentation, 4-Nov-09 11:00am ET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Ambac Financial Group</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">106.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Edited</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Ambac Financial Group Q3 2009 Earnings Conference Call Summary</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">ABK</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">11:00am ET</ccbn:time><title>Ambac Financial Group Q3 2009 Earnings Conference Call Summary</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><description>...Sean Leonard Ambac Financial Group - SVP and CFO David Wallis Ambac Financial Group - President &amp; CEO Greg Raab Ambac Financial Group - Chief Risk Officer...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T2517145</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T2517145</ccbn:docid><guid isPermaLink="false">ccbn/T2517145</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>04 Nov 2009 01:07:48 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2517145</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Final Transcript of ABK earnings conference call or presentation, 4-Nov-09 11:00am ET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Ambac Financial Group</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">106.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Ambac Financial Group Q3 2009 Earnings Conference Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">ABK</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">11:00am ET</ccbn:time><title>Ambac Financial Group Q3 2009 Earnings Conference Call Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...Sean Leonard Ambac Financial Group - SVP and CFO David Wallis Ambac Financial Group - President &amp; CEO Greg Raab Ambac Financial Group - Chief Risk Officer...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/newstex/BW-0001-39425498</link><newstex:docid xmlns:newstex="http://www.alacra.com/newstex">BW-0001-39425498</newstex:docid><guid isPermaLink="false">newstex/BW-0001-39425498</guid><newstex:index_mode xmlns:newstex="http://www.alacra.com/newstex">xml</newstex:index_mode><newstex:Contributor xmlns:newstex="http://www.alacra.com/newstex">Newstex Inc.</newstex:Contributor><newstex:CopyrightDate xmlns:newstex="http://www.alacra.com/newstex">2005</newstex:CopyrightDate><newstex:CreditLine xmlns:newstex="http://www.alacra.com/newstex">Ambac Financial Group, Inc</newstex:CreditLine><newstex:Provider xmlns:newstex="http://www.alacra.com/newstex">Newstex Inc.</newstex:Provider><newstex:ProviderId xmlns:newstex="http://www.alacra.com/newstex">newstex.com</newstex:ProviderId><newstex:PublicIdentifier xmlns:newstex="http://www.alacra.com/newstex">newstexBW-0001-39425498</newstex:PublicIdentifier><newstex:Publication xmlns:newstex="http://www.alacra.com/newstex">Business Wire</newstex:Publication><newstex:PublicationCode xmlns:newstex="http://www.alacra.com/newstex">0001</newstex:PublicationCode><newstex:Publisher xmlns:newstex="http://www.alacra.com/newstex">Business Wire</newstex:Publisher><newstex:PublisherCode xmlns:newstex="http://www.alacra.com/newstex">BW</newstex:PublisherCode><newstex:RevisionId xmlns:newstex="http://www.alacra.com/newstex">1</newstex:RevisionId><newstex:Source xmlns:newstex="http://www.alacra.com/newstex">Newstex Inc.</newstex:Source><newstex:SourceId xmlns:newstex="http://www.alacra.com/newstex">Business Wire</newstex:SourceId><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">11000000</newstex:cat><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">11008000</newstex:cat><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">14000000</newstex:cat><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">14008000</newstex:cat><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">04000000</newstex:cat><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">04016000</newstex:cat><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">04016018</newstex:cat><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">04016048</newstex:cat><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">04016001</newstex:cat><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">04016003</newstex:cat><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">04006000</newstex:cat><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">04006006</newstex:cat><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">04009000</newstex:cat><newstex:cat xmlns:newstex="http://www.alacra.com/newstex">04009003</newstex:cat><pubDate>04 Nov 2009 09:25:04 EST</pubDate><newstex:event xmlns:newstex="http://www.alacra.com/newstex">18000000</newstex:event><newstex:event xmlns:newstex="http://www.alacra.com/newstex">18004000</newstex:event><newstex:event xmlns:newstex="http://www.alacra.com/newstex">18008000</newstex:event><newstex:event xmlns:newstex="http://www.alacra.com/newstex">18001000</newstex:event><newstex:event xmlns:newstex="http://www.alacra.com/newstex">18020000</newstex:event><newstex:geo xmlns:newstex="http://www.alacra.com/newstex">19000000</newstex:geo><newstex:geo xmlns:newstex="http://www.alacra.com/newstex">19001000</newstex:geo><newstex:loaddate xmlns:newstex="http://www.alacra.com/newstex">11/4/2009</newstex:loaddate><title>Ambac Financial Group, Inc. Announces Third Quarter Net Income of $2,188.3 Million</title><description> Nov. #, #### (Business Wire) -- Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced third quarter #### net income of $#,###.# million, or net income of $#.## per diluted share. This compares to third quarter #### net loss...</description><newstex:index_entry_company xmlns:newstex="http://www.alacra.com/newstex">AMBAC FINANCIAL GROUP INC</newstex:index_entry_company><newstex:index_entry_person xmlns:newstex="http://www.alacra.com/newstex">David W Wallis</newstex:index_entry_person><newstex:index_entry_ticker xmlns:newstex="http://www.alacra.com/newstex">ABK</newstex:index_entry_ticker><category>News</category><alacra:ip>Newstex</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-The_Monoline_Endgame-89276</link><cs:docid xmlns:cs="http://www.alacra.com/cs">89276</cs:docid><guid isPermaLink="false">cs/89276</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">Unlike Syncora, both FGIC and CIFG no longer have a municipal book of business that can be used as currency to facilitate commutations with structured finance counterparties.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">cguttenplan</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">rhaines</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">ambac</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">assured_guaranty</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">fgic</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">mbia</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">syncora_holdings</cs:company><cs:companyMention xmlns:cs="http://www.alacra.com/cs">ambac</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">assured_guaranty</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">fgic</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">mbia</cs:companyMention><cs:companyMention xmlns:cs="http://www.alacra.com/cs">syncora_holdings</cs:companyMention><cs:csid xmlns:cs="http://www.alacra.com/cs">89276</cs:csid><pubDate>28 Sep 2009 11:09:01 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">89276</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">insurance</cs:sector><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sectorMention><cs:sectorMention xmlns:cs="http://www.alacra.com/cs">insurance</cs:sectorMention><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">monolines</cs:tag><cs:tagFocus xmlns:cs="http://www.alacra.com/cs">monolines</cs:tagFocus><title>The Monoline Endgame</title><cs:type xmlns:cs="http://www.alacra.com/cs">SectorComment</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Sector Article</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">1799</cs:wcnum><description> The Monoline Endgame We recently met with the New York insurance regulators and discussed the financial guaranty sector. 
Specifically, we engaged in a discussion regarding possible restructuring scenarios for several of the more troubled...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Ambac_Financial_Swaps_to_be_Terminated-88957</link><cs:docid xmlns:cs="http://www.alacra.com/cs">88957</cs:docid><guid isPermaLink="false">cs/88957</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">WWTemplate</cs:DS><cs:analyst xmlns:cs="http://www.alacra.com/cs">jdicarlo</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">ambac</cs:company><cs:csid xmlns:cs="http://www.alacra.com/cs">88957</cs:csid><pubDate>17 Sep 2009 11:09:00 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">88957</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">united_states</cs:region><cs:sector xmlns:cs="http://www.alacra.com/cs">pc_insurance</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">insurance</cs:sector><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">monolines</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><title>Ambac Financial: Swaps to be Terminated</title><cs:type xmlns:cs="http://www.alacra.com/cs">WorthWatching</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Worth Watching</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">145</cs:wcnum><description> Ambac Financial: Swaps to be Terminated Ambac FinancialÂ may have six of its swaps terminated by Miami-Dade County, Fla., according to the Bond Buyer. County commissioners authorized the termination of the Ambac insured swaps and the...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Ambac_Financial_2Q09_Tearsheet-88641</link><cs:docid xmlns:cs="http://www.alacra.com/cs">88641</cs:docid><guid isPermaLink="false">cs/88641</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">TearsheetTemplate</cs:DS><cs:analyst xmlns:cs="http://www.alacra.com/cs">rhaines</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">jdicarlo</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">ambac</cs:company><cs:csid xmlns:cs="http://www.alacra.com/cs">88641</cs:csid><pubDate>10 Sep 2009 10:10:02 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">88641</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">united_states</cs:region><cs:sector xmlns:cs="http://www.alacra.com/cs">pc_insurance</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">insurance</cs:sector><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">monolines</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><title>Ambac Financial 2Q09 Tearsheet</title><cs:type xmlns:cs="http://www.alacra.com/cs">Tearsheet</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Tearsheet</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">694</cs:wcnum><description> Ambac Financial #Q## Tearsheet As we had suspected, its plan to jumpstart Everspan is dead in the water. As a result, we suspect it will go into run-off after which we would expect to see capital steadily erode. Ambac had its counterparty...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Ambac_Sues_California_s_Bay_Area_Toll_Authority-88224</link><cs:docid xmlns:cs="http://www.alacra.com/cs">88224</cs:docid><guid isPermaLink="false">cs/88224</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">WWTemplate</cs:DS><cs:analyst xmlns:cs="http://www.alacra.com/cs">cguttenplan</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">ambac</cs:company><cs:csid xmlns:cs="http://www.alacra.com/cs">88224</cs:csid><pubDate>24 Aug 2009 03:08:00 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">88224</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">united_states</cs:region><cs:sector xmlns:cs="http://www.alacra.com/cs">pc_insurance</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">insurance</cs:sector><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">monolines</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><title>Ambac: Sues California's Bay Area Toll Authority</title><cs:type xmlns:cs="http://www.alacra.com/cs">WorthWatching</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Worth Watching</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">138</cs:wcnum><description> Ambac: Sues California's Bay Area Toll Authority AmbacÂ sued California's Bay Area Toll Authority, claiming the agency paid it too little to terminate $#.# billion of swaps after the company's credit rating fell to junk, according to...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Assured_Guaranty_Structured_Book_Stress_Test-88111</link><cs:docid xmlns:cs="http://www.alacra.com/cs">88111</cs:docid><guid isPermaLink="false">cs/88111</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">We stressed the structured finance portfolio of Assured Guaranty/FSA. Based on the analysis, we can conclude that AGO-FSA is in a much stronger position than its counterparts MBIA and Ambac and is viable ongoing concern.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">rhaines</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">cguttenplan</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">assured_guaranty</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">mbia</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">ambac</cs:company><cs:country xmlns:cs="http://www.alacra.com/cs">bm</cs:country><cs:csid xmlns:cs="http://www.alacra.com/cs">88111</cs:csid><pubDate>20 Aug 2009 03:08:53 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">88111</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">united_states</cs:region><cs:region xmlns:cs="http://www.alacra.com/cs">north_america_other</cs:region><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">insurance</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">pc_insurance</cs:sector><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">monolines</cs:tag><title>Assured Guaranty: Structured Book Stress Test</title><cs:type xmlns:cs="http://www.alacra.com/cs">CompanyComment</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Company Article</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">1097</cs:wcnum><description> Assured Guaranty: Structured Book Stress Test We stressed the structured finance portfolio of Assured Guaranty/FSA to come up with an independent analysis of the entity's solvency. 

Based on the analysis, we can conclude that AGO-FSA...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Ambac_Structured_Book_Stress_Test-87787</link><cs:docid xmlns:cs="http://www.alacra.com/cs">87787</cs:docid><guid isPermaLink="false">cs/87787</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">We stressed the structured finance portfolio of Ambac to come up with an independent analysis of the entity's solvency. Our conclusion from our stress test is that Ambac may run out of capital sometime in 2013, according to our base case.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">rhaines</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">cguttenplan</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">jdicarlo</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">ambac</cs:company><cs:csid xmlns:cs="http://www.alacra.com/cs">87787</cs:csid><pubDate>11 Aug 2009 11:08:00 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">87787</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">united_states</cs:region><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">insurance</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">pc_insurance</cs:sector><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">monolines</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><title>Ambac: Structured Book Stress Test</title><cs:type xmlns:cs="http://www.alacra.com/cs">CompanyComment</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Company Article</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">1219</cs:wcnum><description> Ambac: Structured Book Stress Test We stressed the structured finance portfolio of Ambac Assurance Corp. to come up with an independent analysis of the entity's solvency.

Our conclusion from our stress test is that Ambac may run out...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Ambac_2Q09_Pulls_a_Skunk_out_of_a_Hat-87659</link><cs:docid xmlns:cs="http://www.alacra.com/cs">87659</cs:docid><guid isPermaLink="false">cs/87659</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">While Ambac was able to win a contingency reserve release from regulators, it is tough to see how the company would be able to survive another bad quarter with qualified statutory capital of only $495 million at quarter-end.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">rhaines</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">cguttenplan</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">jdicarlo</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">ambac</cs:company><cs:csid xmlns:cs="http://www.alacra.com/cs">87659</cs:csid><pubDate>10 Aug 2009 03:09:00 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">87659</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">united_states</cs:region><cs:sector xmlns:cs="http://www.alacra.com/cs">insurance</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">pc_insurance</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">earnings</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">monolines</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><title>Ambac 2Q09: Pulls a Skunk out of a Hat?</title><cs:type xmlns:cs="http://www.alacra.com/cs">EarningsNote</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Earnings Note</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">1887</cs:wcnum><description> Ambac #Q##: Pulls a Skunk out of a Hat? Ambac Financial reported a #Q## net loss of $#.# billion or $#.## per share, compared to net income of $### million or $#.## per share in #Q##. 

Results reflected higher loss and loss expenses...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/B2352112</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">B2352112</ccbn:docid><guid isPermaLink="false">ccbn/B2352112</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>07 Aug 2009 02:09:00 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2352112</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Edited Brief of ABK earnings conference call or presentation, 7-Aug-09 11:00am ET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Ambac Financial Group</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Edited</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Ambac Financial Group Q2 2009 Earnings Conference Call Summary</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">ABK</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">11:00am ET</ccbn:time><title>Ambac Financial Group Q2 2009 Earnings Conference Call Summary</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><description>...Arun Kumar JPMorgan - Analyst Darin Arita Deutsche Bank - Analyst Donna Halverstadt Goldman Sachs - Analyst OVERVIEW...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T2352112</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T2352112</ccbn:docid><guid isPermaLink="false">ccbn/T2352112</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>07 Aug 2009 01:07:00 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2352112</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Final Transcript of ABK earnings conference call or presentation, 7-Aug-09 11:00am ET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Ambac Financial Group</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Ambac Financial Group Q2 2009 Earnings Conference Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">ABK</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">11:00am ET</ccbn:time><title>Ambac Financial Group Q2 2009 Earnings Conference Call Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...Arun Kumar JPMorgan - Analyst Darin Arita Deutsche Bank - Analyst Donna Halverstadt Goldman Sachs - Analyst P R E S E N T A T I O N...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/PR_184048_600022758</link><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PR_184048_600022758</moodys:docid><guid isPermaLink="false">moodys/PR_184048_600022758</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><pubDate>30 Jul 2009 04:40:15 EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Ambac Assurance UK Limited</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Ambac Assurance Corporation</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Ambac Financial Group, Inc.</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Ambac Assurance Corporation; Ambac Assurance UK Limited; Ambac Financial Group, Inc.</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600022758</moodys:org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600010209</moodys:org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">252500</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:printdate xmlns:moodys="http://www.alacra.com/moodys">29 Jul 2009</moodys:printdate><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Rating Action</moodys:report_type><moodys:sector xmlns:moodys="http://www.alacra.com/moodys">C</moodys:sector><title>Moody's downgrades Ambac to Caa2; outlook is developing</title><description>Global Credit Research Rating Action ## JUL ####   Rating Action: Ambac Assurance UK Limited Moody's downgrades Ambac to Caa#; outlook is developing New York, July ##, #### -- Moody's Investors Service has downgraded to Caa# from Ba#...</description><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Can_Monolines_Gets_their_Groove_Back-86726</link><cs:docid xmlns:cs="http://www.alacra.com/cs">86726</cs:docid><guid isPermaLink="false">cs/86726</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">ArticleTemplate</cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">Topics include our thesis why most major monolines are headed to run-off or liquidation, insurance law and its implications, our expectations for the muni market, and who is likely to capitalize on the carnage.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">rhaines</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">syncora_holdings</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">mbia</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">fgic</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">ambac</cs:company><cs:company xmlns:cs="http://www.alacra.com/cs">assured_guaranty</cs:company><cs:csid xmlns:cs="http://www.alacra.com/cs">86726</cs:csid><pubDate>24 Jul 2009 10:09:00 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">86726</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:sector xmlns:cs="http://www.alacra.com/cs">insurance</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">monolines</cs:tag><title>Can Monolines Gets their Groove Back?</title><cs:type xmlns:cs="http://www.alacra.com/cs">Transcript</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Transcript</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">4830</cs:wcnum><description> Can Monolines Gets their Groove Back? Topics addressed in this webcast include:
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Our thesis why most major monolines (with the exception of AGO/FSA) are headed to run-off or liquidation

Insurance law and its implications for bondholders...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/research/creditsights-Ambac_Financial_1Q09_Tearsheet-85951</link><cs:docid xmlns:cs="http://www.alacra.com/cs">85951</cs:docid><guid isPermaLink="false">cs/85951</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs">TearsheetTemplate</cs:DS><cs:analyst xmlns:cs="http://www.alacra.com/cs">rhaines</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">jdicarlo</cs:analyst><cs:company xmlns:cs="http://www.alacra.com/cs">ambac</cs:company><cs:csid xmlns:cs="http://www.alacra.com/cs">85951</cs:csid><pubDate>30 Jun 2009 11:09:00 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">85951</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:region xmlns:cs="http://www.alacra.com/cs">united_states</cs:region><cs:sector xmlns:cs="http://www.alacra.com/cs">pc_insurance</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">insurance</cs:sector><cs:sector xmlns:cs="http://www.alacra.com/cs">financial_services</cs:sector><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><cs:tag xmlns:cs="http://www.alacra.com/cs">monolines</cs:tag><cs:tag xmlns:cs="http://www.alacra.com/cs">companies_withnvertibles</cs:tag><title>Ambac Financial 1Q09 Tearsheet</title><description> Ambac Financial #Q## Tearsheet As we had suspected, its plan to jumpstart Everspan is dead in the water. As a result, we suspect it will go into run-off after which we would expect to see capital steadily erode. Ambac had its counterparty...</description><cs:type xmlns:cs="http://www.alacra.com/cs">Tearsheet</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Tearsheet</cs:typew><cs:wcnum xmlns:cs="http://www.alacra.com/cs">721</cs:wcnum><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/cs/83947</link><cs:docid xmlns:cs="http://www.alacra.com/cs">83947</cs:docid><guid isPermaLink="false">cs/83947</guid><cs:index_mode xmlns:cs="http://www.alacra.com/cs">norm</cs:index_mode><cs:DS xmlns:cs="http://www.alacra.com/cs"></cs:DS><cs:abstract xmlns:cs="http://www.alacra.com/cs">After analyzing Ambac's 1Q09 earnings results, we are concerned with the decline in the company's policyholders' surplus.</cs:abstract><cs:analyst xmlns:cs="http://www.alacra.com/cs">Rob Haines</cs:analyst><cs:analyst xmlns:cs="http://www.alacra.com/cs">Joseph Di Carlo</cs:analyst><cs:cnamecode xmlns:cs="http://www.alacra.com/cs">ambac Ambac</cs:cnamecode><cs:company xmlns:cs="http://www.alacra.com/cs">ambac</cs:company><cs:csid xmlns:cs="http://www.alacra.com/cs">83947</cs:csid><pubDate>11 May 2009 11:05:32 EST</pubDate><cs:ft xmlns:cs="http://www.alacra.com/cs">Yes</cs:ft><cs:postid xmlns:cs="http://www.alacra.com/cs">83947</cs:postid><cs:price xmlns:cs="http://www.alacra.com/cs">150</cs:price><cs:provider xmlns:cs="http://www.alacra.com/cs">CreditSights Inc</cs:provider><cs:status xmlns:cs="http://www.alacra.com/cs">Published</cs:status><title>Ambac Financial 1Q09: Edging Towards Run-Off</title><cs:type xmlns:cs="http://www.alacra.com/cs">0</cs:type><cs:typew xmlns:cs="http://www.alacra.com/cs">Article</cs:typew><cs:wc xmlns:cs="http://www.alacra.com/cs">D</cs:wc><cs:wcnum xmlns:cs="http://www.alacra.com/cs">1801</cs:wcnum><description> Ambac Financial #Q##: Edging Towards Run-Off Results continue to reflect significant deterioration of the company's structured finance book of business.

We expect Ambac's policyholders' surplus to deteriorate to levels dangerously...</description><category>Credit &amp; Investment Research</category><alacra:ip>CreditSights</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/B2204413</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">B2204413</ccbn:docid><guid isPermaLink="false">ccbn/B2204413</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>11 May 2009 04:07:00 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2204413</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Edited Brief of ABK earnings conference call or presentation, 11-May-09 11:00am ET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Ambac Financial Group</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Edited</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Ambac Financial Group Q1 2009 Earnings Conference Call Summary</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">ABK</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">11:00am ET</ccbn:time><title>Ambac Financial Group Q1 2009 Earnings Conference Call Summary</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Brief</ccbn:type><description>...Sean Leonard Ambac Financial Group, Inc. - CFO David Wallis Ambac Financial Group, Inc. - CEO Greg Raab Ambac Financial Group, Inc. - Chief Risk Officer CONFERENCE CALL PARTICIPANTS...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T2204413</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T2204413</ccbn:docid><guid isPermaLink="false">ccbn/T2204413</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>11 May 2009 01:07:00 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2204413</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Final Transcript of ABK earnings conference call or presentation, 11-May-09 11:00am ET</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">Ambac Financial Group</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">Ambac Financial Group Q1 2009 Earnings Conference Call Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">ABK</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">11:00am ET</ccbn:time><title>Ambac Financial Group Q1 2009 Earnings Conference Call Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...Sean Leonard Ambac Financial Group, Inc. - CFO David Wallis Ambac Financial Group, Inc. - CEO Greg Raab Ambac Financial Group, Inc. - Chief Risk Officer C O N F E R E N C E C A L L P A R T I C I P A N T S...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/bir/224448</link><bir:docid xmlns:bir="http://www.alacra.com/bir">224448</bir:docid><guid isPermaLink="false">bir/224448</guid><bir:index_mode xmlns:bir="http://www.alacra.com/bir">norm</bir:index_mode><bir:class xmlns:bir="http://www.alacra.com/bir">17</bir:class><bir:company xmlns:bir="http://www.alacra.com/bir">AMBAC Financial Group Inc.</bir:company><bir:company xmlns:bir="http://www.alacra.com/bir">AMBAC Inc.</bir:company><bir:cou xmlns:bir="http://www.alacra.com/bir">United States</bir:cou><pubDate>09 May 2009 06:13:00 EST</pubDate><bir:descr xmlns:bir="http://www.alacra.com/bir">Ambac Financial Group Inc., headquartered in New York City, is a holding company incorporated in the state of Delaware on April 29, 1991. Ambac's subsidiaries provide financial guarantees and financial services to clients in both the public and private se</bir:descr><bir:exch xmlns:bir="http://www.alacra.com/bir">NYSE</bir:exch><bir:naics xmlns:bir="http://www.alacra.com/bir">524126</bir:naics><bir:revenue xmlns:bir="http://www.alacra.com/bir">M</bir:revenue><bir:sic xmlns:bir="http://www.alacra.com/bir">6351</bir:sic><bir:size xmlns:bir="http://www.alacra.com/bir">D</bir:size><bir:snaics xmlns:bir="http://www.alacra.com/bir">524210</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">551112</bir:snaics><bir:ssic xmlns:bir="http://www.alacra.com/bir">6411</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">6719</bir:ssic><bir:ticker xmlns:bir="http://www.alacra.com/bir">ABK</bir:ticker><title>AMBAC Financial Group Inc.</title><description>Ambac Financial Group Inc., headquartered in New York City, is a holding company incorporated in the state of Delaware on April 29, 1991. Ambac's subsidiaries provide financial guarantees and financial services to clients in both the public and private se</description><category>Company Profiles &amp; Financials</category><alacra:ip>Gale Company Profiles</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/PR_177158_600022758</link><guid isPermaLink="false">moodys/PR_177158_600022758</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PR_177158_600022758</moodys:docid><description>Global Credit Research Rating Action ## APR ####   Rating Action: Ambac Assurance UK Limited Moody's downgrades Ambac to Ba#; outlook is developing New York, April ##, #### -- Moody's Investors Service has downgraded to Ba# from Baa#...</description><pubDate>14 Apr 2009 04:24:59 EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Ambac Financial Group, Inc.</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Ambac Assurance Corporation; Ambac Assurance UK Limited; Ambac Financial Group, Inc.</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">252500</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Rating Action</moodys:report_type><title>Moody's downgrades Ambac to Ba3; outlook is developing</title><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item></channel></rss>