TITLE

Standard & poor's affirms claims-paying rating on Ambac, Connie Lee

AUTHOR(S)
Richtmyer, Richard
PUB. DATE
December 1997
SOURCE
Bond Buyer;12/26/97, Vol. 322 Issue 30299, p28
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that Standard and Poor's affirmed its AAA claims-paying ability ratings on Connie Lee Insurance Company and Ambac Assurance Corporation. Reason for the affirmation; Terms of the reinsurance agreement between Ambac and Connie Lee; Value of the purchase.
ACCESSION #
75080

 

Related Articles

  • Ambac acquires Connie Lee.  // Business Insurance;10/27/97, Vol. 31 Issue 43, p78 

    Focuses on the plans for the acquisition of Connie Lee Insurance Company by Ambac Assurance Corporation. What the acquisition would entail; Specializations of the companies; Views of management personnel on the transaction.

  • Ambac's ratings stable despite greater exposure from Connie Lee acquisition. Richtmyer, Richard // Bond Buyer;10/24/97, Vol. 322 Issue 30259, p3 

    Discusses the impact of Ambac Assurance Corp.'s stated intention to buy Connie Lee Insurance Co. on the bond market in the United States. Standard & Poor's affirmation of Connie Lee's AAA rating; Moody's Investors Service and Fitch Investors Service's issuance of releases saying that the...

  • Connie Lee gets AAA rating from Fitch. Tunick, Britt // Bond Buyer;01/09/98, Vol. 323 Issue 30307, p31 

    Reports on Fitch IBCA Inc.'s issuance of an AAA rating to Connie Lee Insurance Co.'s claims-paying ability following its sale to Ambac Assurance Corp. Privatization of Connie Lee which was created in 1987 by an act of the US Congress; Doubts about Connie Lee's ability to survive as an...

  • Connie Lee seeks to cover general obligation bonds. Greenwald, Judy // Business Insurance;11/22/93, Vol. 27 Issue 48, p58 

    Reports on Connie Lee Insurance Corp.'s plan to expand its financial guarantee business. Competitors' criticism of the move; Merits of the Higher Education Act of 1992 to the company's plan; Speculation on plan to insure general obligation bonds for municipalities; Connie Lee executives'...

  • Connie Lee discussing sale to `highly rated' company. Greenwald, Judy // Business Insurance;10/13/97, Vol. 31 Issue 41, p2 

    Reports that Connie Lee Insurance Company, a financial guarantee insurer, is in exclusive negotiations for a possible sale to a `highly rated insurance company.' Speculations of whom the possible candidates are; When the negotiations are expected to be completed; Information on Connie Lee;...

  • Insurer, Bondholder Object to San Bernardino Bankruptcy Plan. Webster, Keeley // Bondbuyer.com;9/18/2015, p1 

    Ambac Assurance Corp., in a bankruptcy court filing, says San Bernardino's plan of adjustment is more aspirational than real.

  • Council Set Up to Help Ambac Rehab. McGee, Patrick // Bond Buyer;7/29/2010, Vol. 373 Issue 33358, p1 

    The article reports on the nine-person council of advisers formed by insurance commissioner Sean Dilweg in Wisconsin that would support the efforts to rehabilitate Ambac Assurance Corp.

  • Las Vegas Monorail Deal Nears. SASKAL, RICH // Bond Buyer;2/7/2011, Vol. 375 Issue 33462, p1 

    The article reports that investors of Las Vegas Monorail approve the release of 111 million dollars to release Ambac Assurance Corp. from its exposure to defaulted bonds in Alameda, California.

  • ALABAMA: Debt Restructuring OK'd. Sigo, Shelly // Bond Buyer;12/27/2012, Vol. 382 Issue 33836, p5 

    The article reports that Federal bankruptcy judge Thomas Bennett has approved a negotiated settlement between Jefferson county of Alabama and Ambac Assurance Corp. regarding the debt restructuring of 82.5 million U.S. dollars.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics