Fidelity Tells Clients to Reduce MBIA-Backed Muni Holdings

Fine, Jacob
March 2003
Bond Buyer;3/7/2003, Vol. 343 Issue 31588, p1
Trade Publication
Reports that Fidelity Capital Markets Group (FCMG) has advised its clients for reducing holdings of MBIA Insurance Corp.-backed municipal bonds. Reasons behind the advise of FCMG to reduce holdings of municipal bonds; Criticism of ratings given to MBIA Insurance Corp. by New York-based Gotham Partners Management Co.; Growth in confidence of municipal bond markets in MBIA Insurance Corp.


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