0001193125-10-112648.txt : 20110324 0001193125-10-112648.hdr.sgml : 20110324 20100507143817 ACCESSION NUMBER: 0001193125-10-112648 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMBAC FINANCIAL GROUP INC CENTRAL INDEX KEY: 0000874501 STANDARD INDUSTRIAL CLASSIFICATION: SURETY INSURANCE [6351] IRS NUMBER: 133621676 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: ONE STATE ST PLZ CITY: NEW YORK STATE: NY ZIP: 10004 BUSINESS PHONE: 2126680340 MAIL ADDRESS: STREET 1: ONE STATE ST PLZ CITY: NEW YORK STATE: NY ZIP: 10004 FORMER COMPANY: FORMER CONFORMED NAME: AMBAC INC /DE/ DATE OF NAME CHANGE: 19930328 CORRESP 1 filename1.htm Correspondence
      

Ambac Financial Group, Inc.

One State Street Plaza

New York, NY 10004

May 7, 2010

Mr. Jim B. Rosenberg

Senior Assistant Chief Accountant

Securities and Exchange Commission

Division of Corporation Finance

100 F Street, N.E.

Washington, D.C. 20549

Dear Mr. Rosenberg:

We are in receipt of the Securities and Exchange Commission’s (“SEC”) comment letter dated April 29, 2010 regarding Ambac Financial Group’s Form 10-K for the fiscal year ended December 31, 2008 and Form 10-Q for the fiscal quarter ended June 30, 2009, File No. 001-10777. That letter asked us to respond to the comments within 10 business days (May 13, 2010) or inform the SEC of when we will provide a response. As we are in the midst of fulfilling our March 31, 2010 regulatory and statutory reporting requirements, we will be able to respond to the SEC’s comment letter no later than May 27, 2010. We also verbally informed the SEC Staff via telephone on May 4, 2010 of our intention to submit this letter.

We hope this timeframe is acceptable to the SEC Staff and would be available to discuss further at your convenience. Please feel free to contact me at (212) 208-3393 or Rich Alger at (212) 208-3196 with any questions or comments.

 

Sincerely,

/s/ Robert Eisman

Robert Eisman
Senior Managing Director and
Chief Accounting Officer