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Ambac Plans to Sell Stock To Defend Its AAA Rating

Posted March 5th, 2008 by jesse1290
 
Read the full article: http://online.wsj.com/article/SB120474148795614047.html
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By ANDREW DOWELL
March 5, 2008 1:53 p.m.

NEW YORK -- Ambac Financial Group Inc., the battered No. 2 U.S. bond insurer, said Wednesday it will try to raise $1.5 billion in fresh capital to defend the key AAA rating at subsidiary Ambac Assurance.

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Stock Symbol: ABK AMBAC FINL GRP IN Stock Price: $8.52 Todays Change: -0.13 (-1.50%)

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