Wilbur Ross Won't Wait For Downgrade

Wednesday, 30 Jan 2008 | 6:30 PM ET

Billionaire Wilbur Ross, who's been rumoured to be considering a bid for Ambac, tells CNBC that any takeover of a bond insurer has to come before a downgrade. Wilbur Ross, chairman & CEO, WL Ross & Co., speaks to CNBC's Martin Soong, Amanda Drury.