Wednesday's story about former MBIA Inc. chief executive officer Gary Dunton's severence package included several inaccuracies. It should have said the company will pay Dunton a cash severance of $2.8 million, accelerate the vesting of his $1.1 million of restricted stock, and that his efforts were partly responsible for the removal of MBIA's rating from negative watch.


A March 12 story on the Michigan Municipal Bond Authority included an incorrect rating for its School Loan Revolving Fund bonds. They are currently rated AA-minus/F1-plus by Fitch Ratings.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.