TITLE

Asian turmoil prompts MBIA, CapMac to revise merger pact, stock buyout

AUTHOR(S)
Richtmyer, Richard
PUB. DATE
January 1998
SOURCE
Bond Buyer;01/20/98, Vol. 323 Issue 30313, p40
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the revision of the terms of the merger agreement between MBIA Inc. and CapMac Holdings Inc. Standard & Poor's downgrading of the claims-paying and issuer credit ratings for Asian Securitization and Infrastructure Assurance Ltd. partially owned by CapMac Holdings; Reasons why the ratings were lowered; Comments of the companies' top executives on the revision.
ACCESSION #
176401

 

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