By cutting Ambac Assurance Corp.'s financial strength rating to junk this week, Standard & Poor's put almost 26,000 municipal bonds into credit limbo.
Standard & Poor's on Tuesday slashed Ambac's rating to CC from BBB.
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.
Have an account? Sign In