TITLE

Fidelity Tells Clients to Reduce MBIA-Backed Muni Holdings

AUTHOR(S)
Fine, Jacob
PUB. DATE
March 2003
SOURCE
Bond Buyer;3/7/2003, Vol. 343 Issue 31588, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
9329054

 

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