SACRAMENTO – Stockton, Calif., in the midst of Chapter 9 bankruptcy proceedings, announced Tuesday that it had reached an agreement with Ambac Assurance Corporation. 

Of the three bond insurers with exposure to the city, which filed for bankruptcy in 2012, Ambac has the smallest.

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.