Ambac Reports $856M In Statutory Capital
Nearly Triples Surplus in 3d Quarter
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Thursday, November 19, 2009 |
When Ambac Financial Group Inc. missed the deadline to file its statutory capital to the Securities and Exchange Commission on Monday, analysts assumed the bond insurer had gone into deficit. Far from it. The companys principal operating subsidiary nearly tripled its surplus in the third quarter, and in the current...
