Ambac Capital Funding Inc

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Ambac Capital Services, headquartered in New York City, is a holding company whose affiliates provide financial guarantees and financial services to clients in both the public and private sectors around the world. Ambac's principal operating subsidiary, Ambac Assurance, is a leading guarantor of public and structured finance obligations. It has earned triple-A ratings, the highest ratings available, from Moody's Investors Service, Standard & Poor's Ratings Services, Fitch, and Rating and Investment Information. The company founded in Milwaukee as a subsidiary of MGIC Investment, began with $6 million in initial capital. While remaining a leading insurer of bonds, Ambac has significantly grown its franchise and has successfully applied its triple-A rated guarantee to markets beyond traditional public finance. The company is now a leading provider of financial guarantees to the structured, asset-backed and mortgage-backed securities sectors. In addition, opportunities outside the United States are growing. Ambac works with clients in Europe, Australia, Japan and select markets in Latin America.