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Ambacs plan to raise $1.5 billion in new capital received a lukewarm reception from Wall Street and the three major rating agencies.
2/29/2008In response to the blizzard of e-mails and phone calls asking the question, Whats up with my market values? we will attempt a simple explanation of the perfect storm currently buffeting the municipal bond market.
12/27/2007Struggling ACA bows to regulators, but underlying credits remain stable.
12/20/2007Bondholders received a dose of good news as S&P reaffirms Radian Asset Assurances AA rating. Separately, ACA announces an agreement with its creditors.
12/19/2007S&P downgraded ACA and took ratings actions against five bond insurers. These moves, however, seem more reflective of Wall Street than Main Street as ACAs insured credits continue to perform well and other insured bonds are paying their debt from their own resources.
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