NEW YORK, Feb 2 (Reuters) - Troubled U.S. bond insurer Ambac Financial Group Inc (ABK.N) has hired Blackstone Group (BX.N) to help it restructure, according to sources familiar with the matter.
Ambac has said in public filings that it is working on a strategy to address liquidity concerns. The company, like its larger rival MBIA Inc (MBI.N), has struggled to write new business since losing its top-notch AAA credit rating in 2008.
Doubt they'll get the AIG treatment.