Three major rating agencies have retained Ambac's “triple-A” rating and removed the guarantee insurer from ratings watch after the mortgage insurer's announced plan to raise $1.5 billion.
Moody's Investors Service and Standard & Poor's affirmed Ambac's financial strength rating yesterday and Fitch did the same. All three said the outlook is negative reflecting the volatility of the bond markets.
Moody's rating is “Aaa” and S&P's is “triple-A.”
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