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Real Estate & Property Law

: Housing Wire

Ambac Sees Ratings Cut, Commutes CDO Deals

By PAUL JACKSON

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Tired of hearing about CDOs yet? So are we. But the monoline bond crisis is still there, still generating downgrades — and on Tuesday, Standard & Poor’s Ratings Services cut Ambac Financial Group Inc.’s (ABK: 0.76 0.00%) core credit rating further, citing concerns over continuing exposure to bad mortgages. The agency also cut the financial [...]

Full post as published by Housing Wire on November 20, 2008 (boomark / email).

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