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.”

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.