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Ambac Financial Group, Inc. Announces Write Down Related to National Century Financial Enterprises, Inc. Sponsored Notes in Its Investment Portfolio.

Publication: Business Wire
Publication Date: 18-NOV-02
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 18, 2002

Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) announced today that it will take a write down amounting to $79.4 million after tax, with a net income per diluted share effect of $0.73 related to impairment on National Century Financial Enterprises, Inc. (NCFE)...



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