Tight liquidity threatens Ambac as going concern (Dealscape

Bond insurer Ambac Financial Group Inc. has warned of a prepackaged debt bankruptcy restructuring due to its inability to meet 2011 maturities, but some sources are skeptical that a restructuring will fundamentally improve its prospects as a going concern.

Standard & Poor's analyst David Veno said that even if Ambac were to complete a debt restructuring, its prospects are limited as it may continue to take losses tied to its structured finance portfolio.

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156 in-depth transaction records for Standard & Poor's
135 articles related to Ambac Financial Group Inc.
134 in-depth records of Bankrupcy warnings in the Financial Services sector
54 in-depth reports of Reorganization plans in the Financial Services sector
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NOT A SUBSCRIBER? Tight liquidity threatens Ambac as going concern Posted on November 11, 2009 5:58 PM Bond insurer Ambac Financial Group Inc. has warned of a prepackaged debt bankruptcy restructuring due to its inability to meet 2011 maturities, but some sources are skeptical that a restructuring will fundamentally improve its prospects as a going concern. Standard & Poor's analyst David Veno said that even if Ambac were to complete a debt restructuring, its prospects are limited as it may continue to take losses tied to its structured finance portfolio. This is a free content preview. Subscribers enjoy access to all stories in full as well as second-to-none market intelligence. Dig deeper, with Pipeline. 156 in-depth transaction records for Standard & Poor's 135 articles related to Ambac Financial Group Inc. 134 in-depth records of Bankrupcy warnings in the Financial Services sector 54 in-depth reports of Reorganization plans in the Financial Services sector 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Amusement parks Deb Shops Windstream Corp. Diedrich Coffee Hanna Andersson Tween Brands Entertainment Lazard Lyondell Chemical		EXISTING USERS Username Password Forget your password? Missing a product?

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