Moody's has told MBIA Inc. that it will consider downgrading bond-insurer National Public Finance Guarantee Corporation, parent-company MBIA Inc. and sister-company MBIA Corp.
Moody's To Consider Downgrading National Public Finance Guarantee Corp., MBIA Inc.
NOV 19, 2012 9:30pm ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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