MBIA Inc (MBI.N)
28 Jul 2014
|Market Cap (Mil.):||$1,952.10|
|Shares Outstanding (Mil.):||195.21|
July 10 - Puerto Rico's willingness and ability to honor its debts "should be unquestioned," high-ranking commonwealth officials said on Thursday, the latest attempt to convince markets that the island is not about to default on $70 billion of debt.
(The following statement was released by the rating agency) NEW YORK, July 10 (Fitch) Ongoing news over Puerto Rico's debt woes are leading to wider credit default swap (CDS) spreads for two of the largest monoline insurers, according to the latest CDS case study from Fitch Solutions. Five-year CDS on Assured Guaranty Municipal Corporation (66%) and MBIA, Inc. (73%) have widened notably in recent weeks. Additionally, CDS liquidity for both Assured and MBIA remains high, currently in the thi
July 7 - A pair of big bond insurers with more than $10 billion of exposure to Puerto Rican debt have hired restructuring advisers as the commonwealth continues on a path toward a reckoning with creditors.
NEW YORK, June 23 - Credit Suisse Group AG has withheld many key documents from MBIA Inc in a lawsuit accusing the Swiss bank of lying about how it processed loans used in mortgage-backed securities, and it should be ordered to review whether it has more evidence suggesting misconduct, the bond insurer said.
WASHINGTON, April 9 - Detroit has reached a settlement with three bond insurers on $388 million of its unlimited tax general obligation bonds, a court-appointed mediator said on Wednesday
NEW YORK, March 18 - Standard & Poor's upgraded bond insurer MBIA Inc on Tuesday, saying it expects the company to gain market share and resume its prior role as a strong player in guaranteeing U.S. municipal debt.
Feb 13 - Bond insurer MBIA Inc is close to a $400 million settlement with Japan's Nomura Holdings Inc , reducing its legal exposure to soured mortgage-backed securities by $3 billion, the Wall Street Journal said.