Moody's Investors Service said it has downgraded to Caa2 from B3 the insurance financial strength rating of MBIA Insurance Corporation and to Caa1 from B2 the senior debt rating of MBIA Corp.'s parent company, MBIA Inc.
Moody's Downgrades MBIA Insurance Corporation to Caa2 and MBIA Inc. to Caa1
NOV 20, 2012 7:18am ET
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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.
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