Report title: Ambac And MBIA Financial Strength Ratings Lowered To ?AA? And Placed On CreditWatch Negative
from S&P Credit Research
580 word report published Jun 05, 2008

Price $100.00 available for immediate download HTML
Report Overview
 
Search Inside
Abstract: NEW YORK (Standard&Poor's) June 5, 2008--Standard&Poor's Rating Services today lowered its financial strength ratings on Ambac Assurance Corp. and MBIA Insurance Corp. to 'AA' from 'AAA' and placed the ratings on CreditWatch with negative implications. The ratings on the holding companies, Ambac Financial Group and MBIA Inc., have also been lowered to 'A' and 'A-' from 'AA' and 'AA-', respectively, and placed on CreditWatch with negative implications. The rating actions on the companies reflect our belief that these entities will face diminished public finance and structured finance new business flow and declining financial flexibility. In addition, we believe continuing deterioration in key areas of the U.S. residential mortgage sector and related CDO structures will place increasing

Brief Excerpt: RESEARCH Ratings Definitions Ambac And MBIA Financial Strength Ratings Lowered To aÇÿ###ÇÖ And Placed On CreditWatch Negative Publication date: 05-Jun-2008 Primary Credit Analysts: Dick P Smith, New York (1) 212-438-2095; dick_smith@standardandpoors.com...

Report Type: News
Ticker: 3432Z
Issuer: Ambac Assurance Corp.
GICS: Property & Casualty Insurance (40301040)
Sector: Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Corporations, Financial Institutions, Global Issuers, Insurance, International Public Finance, Public Finance, Residential MBS, Structured Finance, Utilities
Country: United States
Region: United States
Free Sample: Click Here to Download

Enter the keyword(s) which you would like to search for within this document and click "Search"

 
Also from S&P Credit Research
  • Ambac Assurance Corp. Ratings Lowered To 'BBB' And Put On CreditWatch Negative  $100.00
    -- We believe that Ambac Assurance Corp. is effectively in runoff. -- Loss reserving increases have depleted surplus, boosting the likelihood of regulatory intervention, and we believe Ambac's prospects for writing new business are negligible. ... 
  • Research Update: S&PCORRECT: Ambac Assurance Corp. Ratings Lowered To 'BBB' And Placed On CreditWatch Negative  $175.00
    We believe that Ambac Assurance Corp. is effectively in runoff. Loss reserving increases have depleted surplus, boosting the likelihood of regulatory intervention, and we believe Ambac's prospects for writing new business are negligible. As ... 
  • Ambac Assurance Corp.'s New Preferred Shares Rated 'BBB'  $100.00
    NEW YORK (Standard&Poor's) Dec. 10, 2008--Standard&Poor's Ratings Services said it assigned its 'BBB' rating to the 32,000 auction market preferred shares to be issued by Ambac Assurance Corp. (Ambac; A/Negative financial strength rating) pursuant ... 
  • Bulletin: Ambac Assurance Corp. Rating Unaffected By CDO Termination  $100.00
    NEW YORK (Standard&Poor's) Nov. 20, 2008--Standard&Poor's Ratings Services said today its ratings on Ambac Assurance Corp. (A/Negative) are unaffected by the company's announcement late Wednesday of a settlement to commute certain mortgage-backed ... 
  • Ambac Assurance Corp. Rating Cut To 'A' From 'AA'; Outlook Negative  $100.00
    NEW YORK (Standard&Poor's) Nov. 19, 2008--Standard&Poor's Ratings Services said today it lowered its financial strength rating on Ambac Assurance Corp. (Ambac) to 'A' from 'AA'. At the same time, Standard&Poor's lowered its ratings on holding ... 
  • Research Update: Ambac Assurance Corp. Rating Lowered To 'A' From 'AA'; Outlook Negative  $175.00
    On Nov. 19, 2008, Standard&Poor's Ratings Services lowered its financial strength rating on Ambac Assurance Corp. (Ambac) to 'A' from 'AA'. At the same time, Standard&Poor's lowered its ratings on holding company Ambac Financial Group Inc.'s ... 
  • Ambac Assurance Corp.  $400.00
    On Aug. 14, 2008, Standard&Poor's Ratings Services affirmed its 'AA' financial strength rating on Ambac Assurance Corp. (Ambac) and removed it from CreditWatch Negative. The outlook is negative. The negative outlook reflects our view that Ambac's ... 
  • Summary: Ambac Assurance Corp.  $175.00
    On Aug. 14, 2008, Standard&Poor's Ratings Services affirmed its 'AA' financial strength rating on Ambac Assurance Corp. (Ambac) and removed it from CreditWatch Negative. The outlook is negative. The negative outlook reflects our view that Ambac's ... 
 S&P Credit Research
S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Price: $100.00