MBIA Inc. said Monday it has enough cash and government securities in its assets-liability management portfolio to meet any potential termination payments on its insured guaranteed investment contracts if Moody's Investors Service downgrades MBIA Insurance Corp.'s A2 rating, which was put on review last week.

A multiple-notch downgrade could require termination payments of up to $7.9 billion, MBIA said. It currently has $8.1 billion in cash and government securities in its asset-liability management portfolio, consistent with the rebalancing effort it undertook over the past two quarters.

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