Ambac Financial Group Inc. said Friday that it is getting closer to its launch of muni-only insurer Everspan Financial Guaranty Corp., according to a document furnished to the Securities and Exchange Commission.

The company has concluded its presentations to the rating agencies and expects to receive final rating resolutions in a "few weeks," it said. In addition, its management team and board of directors is largely in place.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.