Ambac Financial Group announced today it is delaying its planned launch of muni-only bond insurer Everspan Financial Guaranty Corp.

Everspan, which is a subsidiary of Ambac Assurance Corp., was seeking to raise capital to achieve the ratings needed to compete in the business.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.