Stockton, Ambac Agree to Cap Payments on $21.6 Million of Debt
By Steven Church -
2013-02-26T19:26:50Z
The city of Stockton, California, due in bankruptcy court today to face creditors, settled a dispute with Ambac Assurance Corp. by capping payments on $21.6 million in debt, officials said in a statement.
To contact the reporter on this story: Steven Church in Wilmington, Delaware at schurch3@bloomberg.net
To contact the editor responsible for this story: Peter Blumberg at pblumberg1@bloomberg.net
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