Syncora Provides Update on Short Term Surplus Notes

NEW YORK, Dec. 28, 2011 /PRNewswire/ -- Syncora Holdings Ltd. ("Syncora") today announced that the New York State Department of Financial Services (the "NYDFS") disapproved the payment of the amounts scheduled to become due December 28, 2011 on $150,000,000 original principal amount of short-term surplus notes issued by its wholly owned, New York financial guarantee subsidiary, Syncora Guarantee Inc. ("Syncora Guarantee" or the "Company").   There can be no assurance as to when or whether the c...continued SYCRF

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