Copying and distributing are prohibited without permission of the publisher
MBIA falls deeper into junk status
26 June 2009
Moody's has cut the senior debt rating of bond insurer MBIA deeper into junk status, citing further expected portfolio deterioration and litigation surrounding MBIA's recent restructuring.
Read more:
moody's
mbia
rating agency
junk
Moody's has cut the senior debt rating of bond insurer MBIA deeper into junk status, citing further expected portfolio deterioration and litigation surrounding MBIA's recent restructuring.
The rating agency cut MBIA to Ba3 from Ba1, three notched below investment grade, and placed the rating on a negative outlook.
Additionally, Moody's confirmed the Baa1 rating of National Public Finance Guarantee Corporation, with a developing outlook.In February, Reactions...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.