Welcome to Credit Lime. In my spare time I also contribute to a financial reporting site called www.CreditLime.com 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
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.
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Ambac misses interest payment 0 comments
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