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- (AFX UK Focus) 2008-11-06 16:30 Ambac downgrade requires $3.2 bln more collateral (Interactive Investor)
NEW YORK, Nov 6 (Reuters) - Ambac Financial Group will need to post an additional $3.2 billion in collateral, after Moody's Investors Service on Wednesday cut its ratings on the bond insurer, according to research firm CreditSights. The collateral needs could also leave the company with a $2.8 billion cash shortfall at its financial services unit, CreditSights analysts said in a report late on ...
www.iii.co.uk
- Riverwalk Millennium cleanup to begin (Philly.com)
The haunting remnants of the devastating August fire at the Riverwalk Millennium apartment complex in Conshohocken - stubborn blemishes on one of the nation's most successful small-town revivals - may soon disappear.
www.philly.com
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