The $1.7 billion settlement between MBIA Inc. and Bank of America Corp., announced Monday, is a credit positive for the company and its main insurance subsidiaries, Moody’s Investors Service said Thursday.

Moody’s rates MBIA Inc. at Caa1, National Public Finance Guarantee Corp. at Baa2, and MBIA Insurance Corporation at Caa2. All ratings are still on review for downgrade.

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