Credit Rating Agency

Moody’s Warns on Ambac; May Reassess Other Bond Insurers 

Moody’s Investors Service said late Wednesday that it had placed the Aaa insurance financial strength ratings of Ambac Assurance Corporation and Ambac Assurance UK Limited on review for possible downgrade. In the same rating action, Moody’s also placed the ratings of the holding company, Ambac Financial Group, Inc. (senior debt at Aa2), and related financing trusts on review for possible downgrade.