NEW YORK (AP) - Moody's Investors Service says it may downgrade the ratings on bond insurers MBIA and Ambac.
Moody's says it is reviewing the AAA insurance financial strength ratings on Ambac Assurance Corp. and MBIA Insurance Corp.
Moody's says the 'most likely' outcome of the review will be a downgrade.
Shares of both Ambac and MBIA are falling sharply in afternoon trading on the news.
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