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Security Profile
Security's distribution is suspended.
- Security Type
- Common Stock
- CUSIP
- 023139108
- Market Cap
- Small Cap · $207 Million
- IPO
- 7/18/1991
- Previous Symbol
- ABK (changed 11/9/2010)
- Parent Company
- Ambac Financial Group, Inc. (AMBC)
Business: Ambac Financial Group, Inc., headquartered in New York City, is a holding company whose affiliates provide financial guarantees and financial services to clients in both the public and private sectors around the world. Ambac's principal operating subsidiary, Ambac Assurance Corporation, a guarantor of public finance and structured finance obligations, has a Caa2 rating (developing outlook) from Moody's Investors Service, Inc. and a CC rating (outlook developing) from Standard & Poor's Ratings Services.
Notes: May 2013 -- Ambac emerges from Bankruptcy and is now trading on the Nasdaq under AMBC. (For further information look under symbol AMBC). ________________ Plan of bankruptcy effective - all shares have been cancelled per the Other OTC on 5/1/2013. ____________ November 08, 2010 -- Ambac Financial Group, Inc. (NYSE: ABK) announced today that it has filed for a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The Company will continue to operate in the ordinary course of business as "debtor-in-possession" under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court.
Company Contact
- CEO
- David W. Wallis
- CFO
- Sean T. Leonard
- Headquarters
- One State Street Plaza, New York, NY 10004
- Phone
- 212-668-0340 · Toll-Free 800-221-1854
- Fax
- 212-208-3108
- Investor Relations
- Peter R. Poillon · 212-208-3222 · ppoillon@ambac.com