by Bill McBride on 2/05/2008 06:55:00 PM
Tuesday, February 05, 2008
From Fitch: Fitch Takes Rating Actions on 172,326 MBIA-Insured Issues
Concurrent with its rating action earlier today on MBIA Insurance Corp. and its affiliates (MBIA), Fitch Ratings has taken various rating actions on 172,326 bond issues (172,168 municipal, 158 non-municipal) insured by MBIA. ...Quite a few ripples in the pond.
Fitch placed MBIA's 'AAA' Insurer Financial Strength (IFS) on Rating Watch Negative following Fitch's announcement that it will be updating certain modeling assumptions in its ongoing analysis of the financial guaranty industry.
Posted by Bill McBride on 2/05/2008 06:55:00 PM