NU Online News Service, March 26, 12:47 p.m. EDT
Standard & Poor's Ratings Services said the rating status for the Wisconsin subsidiary of municipal bond insurer Ambac Financial Group has been revised after that state's regulator halted claim payments to certain policyholders.
The counterparty credit, financial strength, and financial enhancement ratings on Ambac Assurance Corp. have been changed to 'R' "regulatory intervention" from 'CC' "very weak," S&P said.
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