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Events | 2010.03.31

Primus Comments on Ambac, Monoline CDS Exposure

HAMILTON, Bermuda--(BUSINESS WIRE)--Primus Guaranty, Ltd. (the “Company”) (NYSE:PRS) today commented on certain aspects of the credit default swap (“CDS”) portfolio of Primus Financial Products, LLC (“Primus Financial”) related to the credit event announced by International Swaps and Derivatives Association, Inc. Americas Determinations Committee involving Ambac Assurance Corporation that occurred on March 25, 2010. Primus Financial has no single name CDS notional exposure that references Ambac

 

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