Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (205672)	11/19/2002 12:46:46 PM
From: Ken98	Read Replies (1) \| Respond to of 436258

<<Ambac Has $79.4 Mln in Costs From National Century Bankruptcy By Dan Lonkevich New York, Nov. 18 (Bloomberg) -- Ambac Financial Corp., the second-biggest bond insurer, will have $79.4 million, or 73 cents a share, in costs to write down the value of National Century Financial Enterprise debt. New York-based Ambac announced the costs after National Century, a health-care financing company, filed for bankruptcy protection. Ambac said it owned $54 million of one National Century note and $120.5 million of another, both of which were triple-A rated. ``Ambac has joined a group of bondholders that will seek to recover any losses through all means available,'' the company said in a statement. It declined to comment on its expected recovery. Ambac's investment portfolio is valued at about $11.7 billion. >>