Credit Lime's  Instablog

Credit Lime
Send Message
Welcome to Credit Lime. In my spare time I also contribute to a financial reporting site called which provides in-depth analysis and reporting on news and events in the financial, derivative and credit default swap marketplace. I have over a decade of experience in the... More
My company:
My blog:
  • Ambac misses interest payment 0 comments
    Nov 2, 2010 3:01 AM | about stocks: AMBC, AGO, MBI
    Bond insurer Ambac decided to skip a $2.8 million interest payment on its $75mm 7.5% May 1, 2023 senior bond issue today and then warned it could file for Chapter 11 bankruptcy protection before year-end in an effort to strong-arm creditors into more favorable negotiations to restructure its debt.

    Disclosure: long all stocks,
    Stocks: AMBC, AGO, MBI
Back To Credit Lime's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.