There is talk that troubled monoline bond insurer Ambac may be able to raise 3 billion US dollars to rebuild its balance sheet and possibly preserve its precious AAA credit rating. That pleased Wall St, which is worried Banks will have to take a big new round of losses on bonds they hold if the insurers lose that AAA rating.
There is talk that troubled monoline bond insurer Ambac may be able to raise 3 billion US dollars to rebuild its balance sheet and possibly preserve its precious AAA credit rating. That pleased Wall St, which is worried Banks will have to take a big new round of losses on bonds they hold if the insurers lose that AAA rating.
ofInterestNZ 4 years ago