July 27 (Reuters) - Ambac Financial Group Inc:
* Announces second quarter estimate of credit derivative impairment and loss
and loss expenses
* Says announces discontinuance of dividends on Ambac assurance corporation
preferred shares
* Says aac expects to report statutory loss and loss expenses incurred
amounting to $800 million for quarter ended June 30, 2009
* Says estimated statutory impairment losses on credit derivatives of abt $4.9
billion at June 30
* Says at March 31, 2009, aac reported total claims-paying resources of
approximately $11.9 billion
* Says statutory loss, loss expenses relate to deterioration in second-lien and
alt-a mbs financial guarantee portfolios
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
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* Announces second quarter estimate of credit derivative impairment and loss
and loss expenses
* Says announces discontinuance of dividends on Ambac assurance corporation
preferred shares
* Says aac expects to report statutory loss and loss expenses incurred
amounting to $800 million for quarter ended June 30, 2009
* Says estimated statutory impairment losses on credit derivatives of abt $4.9
billion at June 30
* Says at March 31, 2009, aac reported total claims-paying resources of
approximately $11.9 billion
* Says statutory loss, loss expenses relate to deterioration in second-lien and
alt-a mbs financial guarantee portfolios
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.