TITLE

Ambac's ratings stable despite greater exposure from Connie Lee acquisition

AUTHOR(S)
Richtmyer, Richard
PUB. DATE
October 1997
SOURCE
Bond Buyer;10/24/97, Vol. 322 Issue 30259, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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 acquisition should not affect Ambac's triple-A claims-paying ability rating.
ACCESSION #
9711062809

 

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