MBIA Debt Rating at Greater Risk
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It Ain't Over Till It's Over... Reuters reports that Deutsche Bank CEO Josef Ackermann says the credit crisis is not over yet. He says the next couple of weeks will be very difficult for financial markets.
Guarantor in Trouble... Additional analysis of MBIA's direct residential MBS mortgage backed security portfolio leads Moody's to believe...
The guarantor is at greater risk of exhibiting a capital shortfall than previously communicated; they now consider this somewhat likely.
A capital shortfall would put MBIA's AAA credit rating in jeopardy and put at risk the rankings of $652 billion of state, municipal and corporate structured finance bonds that the company guarantees.
It Ain't Over Till It's Over... Reuters reports that Deutsche Bank CEO Josef Ackermann says the credit crisis is not over yet. He says the next couple of weeks will be very difficult for financial markets.
Guarantor in Trouble... Additional analysis of MBIA's direct residential MBS mortgage backed security portfolio leads Moody's to believe...
The guarantor is at greater risk of exhibiting a capital shortfall than previously communicated; they now consider this somewhat likely.
A capital shortfall would put MBIA's AAA credit rating in jeopardy and put at risk the rankings of $652 billion of state, municipal and corporate structured finance bonds that the company guarantees.
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