MBIA Inc.'s National Public Finance Guarantee Corp. is still in discussions with rating agencies about what they want to see from the bond insurer, an executive said yesterday.

National chief executive officer Thomas McLoughlin did not want to elaborate on details until the reviews were completed, but noted that National was capitalized at a "very high level" under existing Moody's Investors Service and Standard & Poor's capital adequacy models. He added that the company has previously discussed raising outside capital in the future.

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