Munis: Does AMBAC's Plight Boost Risk?

Although municipal bond insurers have been on life support for almost two years, Ambac Financial Group’s (ABK) revelation in a Nov. 9 filing to the U.S. Securities and Exchange Commission that it might have to file for bankruptcy protection in mid 2011 should serve to remind muni investors of the need to be especially careful with what they buy.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.