Ambac Financial says it has enough liquidity

By Associated Press
July 7, 2008
Comment (0)
Recommended (0)

Bond insurer Ambac Financial Group Inc. on Monday said it has enough liquidity to operate, responding to investor speculation to the contrary.

"It is important for us to continually communicate that we have ample liquidity to manage our commitments going forward," said Chairman and Chief Executive Michael Callen in a statement.

The company said there had been "persistent and unfounded" speculation about Ambac's liquidity.

Ambac said current collateral and termination obligations have been adequately covered by the investment agreement asset portfolio.

Shares of Ambac rose 6 cents, or 4.5 percent, to close at $1.39.
Comment (0)
Recommended (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 679786, ~/articles/articlehandler.aspx, 8/29/2008 10:06:51 PM,

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

.

Related Tickers

Ambac Financial Group, Inc.

ABK Down! $7.16 -0.26 (-3.50%) 4:03 PM
CAPS Rating:
683 Outperforms
558 Underperforms
Rate This Stock
Related Articles about ABK
Articles mentioning ABK

Major Indices

S&P 5001,282.83 -1.37%
DJIA11,543.55 -1.47%
RSL 2K739.50 -1.11%
NASD2,367.52 -1.83%
Updated: 5:10:01 PM
Sponsored by:

The Motley Poll

Where will the U.S. dollar go from here?

Sponsored by: