December 17, 2007 / 2:09 PM / 12 years ago

Ambac says looking at ways to boost capital

NEW YORK, Dec 17 (Reuters) - Ambac Financial Group Inc ABK.N said on Monday it is looking at ways to boost its capital position as two rating agencies evaluate the bond insurer.

Moody’s Investors Service on Friday affirmed Ambac’s top “Aaa” ratings, but Fitch and Standard & Poor’s are still looking at the bond insurer.

Ambac said the results of the Fitch and S&P evaluations, as well as the company’s own determinations, will factor into its capital expansion plans. (Reporting by Dan Wilchins, editing by Gerald E. McCormick)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below