Ambac Comments on Fitch Report on Capital
21 Décembre 2007 - 9:00PM
Business Wire
Ambac Financial Group, Inc. (NYSE: ABK) (�Ambac�) today said that
Fitch Ratings (�Fitch�) has completed its review of Ambac Assurance
Corporation�s capital position and has put the Company�s AAA rating
on �rating watch negative�. Chairman and CEO, Robert J. Genader,
noted �The Fitch announcement concludes this phase of the rating
agencies� reviews. As previously stated, Ambac has been
investigating solutions to expand its capital position. Between our
own analysis and that of the rating agencies, we are now in a
better position to make informed, disciplined decisions regarding
the form and timing of capital expansion.� Certain statements in
this document are "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act. These statements
are based on management's current expectations and are subject to
uncertainty and changes in circumstances. Actual results may differ
materially from those included in these statements due to a variety
of factors. More information about these factors is contained in
Ambac's filings with the Securities and Exchange Commission. Ambac
Financial Group, Inc., headquartered in New York City, is a holding
company whose affiliates provide financial guarantees and financial
services to clients in both the public and private sectors around
the world. Ambac�s principal operating subsidiary, Ambac Assurance
Corporation, a leading guarantor of public finance and structured
finance obligations, has earned triple-A ratings, the highest
ratings available from Moody�s Investors Service, Inc., Standard
& Poor�s Ratings Services and Fitch, Inc. Ambac Financial
Group, Inc. common stock is listed on the New York Stock Exchange
(ticker symbol ABK).
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