Credit Repair

 



 

July 28, 2009

Ambac Losses on Credit Derivatives Rose $1.6 Billion (Update1) (Bloomberg)

Filed under: Credit Bureaus, Credit Reports, Getting Credit — Admin @ 4:05 pm

More info…
July 27 (Bloomberg) — Ambac Financial Group Inc. said its bond insurance unit, Ambac Assurance Corp., expects to report statutory impairment losses on credit derivatives increased by about $1.6 billion in the second quarter to about $4.9 billion.

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