“The unique nature of the financial guaranty sector could make maintaining the MBIA [financial strength] and debt ratings difficult without access to the non-public details on their insured portfolio”

Fitch has expressed concern that MBIA won’t be able to cover losses on mortgage-backed securities it guaranteed. via Washington Post

More: continued here



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This entry was posted on Sunday, March 9th, 2008 at 7:03 am and is filed under Life insurance news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.