Ambac & MBIA: Sinking on Second Lien Slime - Company Article - 2008/05/21 - CreditSights

Report title: Ambac & MBIA: Sinking on Second Lien Slime

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2167 word report published May 21, 2008

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Abstract: We currently believe additional material charges to statutory surplus are inevitable in the second quarter. Both companies could be forced to raise additional capital or face an almost certain downgrade.

Brief Excerpt: Ambac & MBIA: Sinking on Second Lien Slime First quarter earnings for the overall monoline sector were dismal In our opinion, it is likely that both Ambac and MBIA will see continued deterioration in their second lien exposures in...

Report Type: Company Article
Source: CreditSights Inc
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