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Ambac Assurance Corporation

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Ambac Assurance Corporation
A subsidiary of publicly traded Ambac Financial Group that provides financial guarantees for municipal borrowers and for asset-backed and structured issues. Ambac was founded in 1971 as a subsidiary of MGIC Investment Corporation and later owned by Baldwin-United and Citibank. Formerly called American Municipal Bond Assurance Corporation.


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The rescheduled earnings release is necessary in order to finalize statutory financial results for Ambac Assurance Corporation.
Ambac's principal operating subsidiary, Ambac Assurance Corporation, a guarantor of public finance and structured finance obligations, has earned triple-A ratings from Moody's Investors Service, Inc.
Ambac's principal operating subsidiary, Ambac Assurance Corporation, a guarantor of public finance and structured finance obligations, has earned triple-A ratings from Moody's Investors Service, Inc.
 
 
 
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