Saturday, January 8, 2011

U.S. debt rescue plan for insurance giant, or will be introduced next week.

American Business Channel CNBC22 <P> quoted informed sources as saying that rescue deep quagmire of the U.S. subprime mortgage crisis Ambac bond insurance giant's program may be introduced 25 or 26. .Affected by this, the company's share price rose 16% in the day, closing at $ 10.71 per share. .</ P> <P> rescue plan, but reports did not provide details, but said the plan could save the company for Ambac credit ratings crucial 3A. .</ P> <P> It http://finance. Hearing, also citing people familiar with the day the Associated Press as saying that a U.S. Citigroup, UBS, Wachovia, Royal Bank of Scotland consortium is working with New York .State insurance departments work together to seek to bail out Ambac solutions company. .He also said that the situation seems to have made some progress. .</ P> <P> Ambac has been with the company for several weeks in New York state regulators and banks to negotiate, the purpose is to raise capital to maintain its credit rating 3A. .</ P> <P> after Goldman Sachs analysts said Fotheringham, Ambac has about 3.5 billion U.S. dollars to raise funds needed to keep its Moody's and S & P's 3A rating, while Fitch has already cut Ambac Company .credit ratings. .</ P> <P> from the subprime mortgage crisis, mortgage bond default rates rise, bond insurers facing huge claims. .Some large U.S. and European banks are ready to cooperate in aid troubled U.S. bond insurers, in order to prevent further expansion of the credit crunch. .</ P> <P> </ P>.

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