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Monday, March 10, 2008

Fitch Responds to MBIA

by Calculated Risk on 3/10/2008 02:01:00 PM

Last week, MBIA asked Fitch to withdraw ratings on several of its units.

Today Fitch responded (via MarketWatch): Fitch calls MBIA info destruction request 'disingenuous' (hat tip Charlie)

[Stephen Joynt, the chief executive of Fitch Ratings] told MBIA it was "considering" MBIA's request to withdraw IFS ratings, and that it was willing to waive rating fees.
Joynt also asked MBIA if they were asking S&P and Moody's to waive their fees.

For those with access, here is the Fitch response.