Events | 2010.03.31
Fitch Solutions: Ambac CDS 132% Wider in Run-Up to ISDA Default
NEW YORK & LONDON--(BUSINESS WIRE)--Ambac Financial Group\'s partial takeover highlights a quiet week of earnings, with wider credit default swap (CDS) movement among the other companies scheduled to report, according to Fitch Solutions. With Ambac CDS widening 132% over the last three months, "the markets have been pricing Ambac as though a default was imminent," said Author and Managing Director Jonathan Di Giambattista. "ISDA formally declaring the partial takeover of Ambac as a default event
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