Moody's Investors Service said it has downgraded to Caa2 from B3 the insurance financial strength rating of MBIA Insurance Corporation (MBIA Corp.) and to Caa1 from B2 the senior debt rating of MBIA Corp.'s parent company, MBIA Inc.

The MBIA Corp. rating action concludes a review initiated in December 2011. The ratings outlooks for both companies are developing.

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.