Fitch Ratings stripped the coveted AAA rating from bond insurer MBIA Insurance Corp. (MBI), saying the company’s claims-paying capability no longer warrants MBIA having the top credit rating. The move comes amid an ongoing fight between Fitch and MBIA over Fitch’s recently changed ratings models. As a result, MBIA asked Fitch a month ago to pull ratings, saying it disagreed […] For more visit Source:www.investment-blog.net

Share This

Share This

This entry was posted on Saturday, April 5th, 2008 at 9:12 am and is filed under Investment 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.