AMBAC Indemnity Corp. has questioned Pennsylvania officials about federal inquiries into a $750 million certificate of participation issue that it insured.

"We have to talk to the state if the state is being investigated," said Brian Moore, a manager in AMBAC's surveillance department.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.