TITLE

Fitch Places MBIA On Negative Watch

AUTHOR(S)
Campbell, Dakin; Posner, Matthew
PUB. DATE
December 2007
SOURCE
Bond Buyer;12/21/2007, Vol. 362 Issue 32779, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the announcement of Fitch Ratings Ltd. regarding its decision to place U.S.-based MBIA Insurance Corp. on negative watch. Fitch made such decision after it found out that the company's capital model for residential mortgage-backed security portfolio falls below the guidelines needed to hold a triple-A rating by $1 billion. However, Fitch told that it would return MBIA to a stable outlook if the company obtains further capital improvements.
ACCESSION #
28038585

 

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