AMBAC Financial Group, Inc.

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AMBAC Financial Group, Inc.

A holding company whose subsidiaries provide guarantees and principal and interest payments on debt securities and some asset-backed securities. AMBAC's subsidiaries also provide other financial services, such as swaps and investment advice, mainly to state and local governments in the United States. It was founded in 1971 and is based in New York City.
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Canyon Capital Advisors LLC, an alternative asset manager serving institutional clients and manager of funds and accounts that own almost five percent of the outstanding shares of Ambac Financial Group, Inc.
21 November 2012 -- New York-based public finance and structured finance obligations guaranto Ambac Financial Group, Inc.