Moody's reviews for downgrade ratings of MBIA and insurance subsidiaries Moody's Investors Service has placed on review for downgrade the insurance financial strength ratings of MBIA Insurance and National Public Finance Guarantee as well as the Caa1 senior debt rating of MBIA, the group's ultimate holding company. This rating action reflects the precarious financial condition of MBIA Corp. and the adverse effect that its weak credit profile and a possible related regulatory action could have on the MBIA group. Given its very tight liquidity position, MBIA Corp. may not have enough resources to pay CMBS claims that could be presented this year and there is thus a high risk of regulatory action. Reference Link
News For MBI From The Last 14 Days
Check below for free stories on MBI the last two weeks.