22years schreef:
Standard & Poor's cut top "AAA" ratings on bond insurance units of MBIA and Ambac Financial Group, citing diminished prospects for new business and declining financial flexibility.
Credit Crunch, mbia, ambac, ambac financial, abk, mbi, moodys
CNBC.com
Credit Crunch
Standard & Poor's cut the No. 1 and No. 2 companies in the business two notches to "AA" and said it may lower them further because they face potentially more losses from the deteriorating mortgage backed securities.
"The rating actions on the companies reflect our belief that these.
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