![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, March 23, 2011 6:36:32 AM
Takefuji Corp. (8564.TO) has entered talks with bond insurance group Ambac Financial Group Inc. (ABK) after its credit rating was downgraded to junk by Standard & Poor's, The Financial Times reported Tuesday. Takefuji will have to redeem its Y109 billion in ABSs earlier than scheduled unless it can come to an agreement with Ambac for easier terms. Ambac, which has provided guarantees to investors in Takefuji's ABS, has the right to take ownership of Y302 billion worth of Takefuji's loan receivables if Takefuji fails to redeem its Y109 billion ABS issue. Takefuji said it had entered discussions with the guarantor of its ABS, but declined to provide details.
Recent AMBC News
- Ambac’s Cirrata Group Launches Tara Hill, an E&S Management and Professional Liability Program Administrator Led by Industry Veteran Peter McKeegan • Business Wire • 06/24/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/13/2024 01:52:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:03:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:40:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 11:20:45 AM
- Ambac Financial Group, Inc. to Sell Legacy Financial Guarantee Business to Funds Managed by Oaktree Capital Management, L.P. • Business Wire • 06/05/2024 10:30:00 AM
- Ambac Financial Group, Inc. to Acquire Majority Stake in Beat Capital Partners • Business Wire • 06/05/2024 10:30:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/06/2024 08:14:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:11:53 PM
- Ambac Reports First Quarter 2024 Results • Business Wire • 05/06/2024 08:10:00 PM
- Ambac to Release First Quarter 2024 Results on May 6, 2024 • Business Wire • 04/22/2024 12:30:00 PM
- Ambac Announces Meeting and Record Date for 2024 Annual Meeting of Stockholders • Business Wire • 03/27/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:28:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:20:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:14:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:12:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:11:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:09:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:46:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:43:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:41:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:40:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:36:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:43:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 09:39:45 PM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM