Moody’s Investors Service announced late yesterday it was placing MBIA Insurance Corp., and any of the bonds currently insured by the financial guarantor, on review for possible downgrade.

“Today’s rating action reflects Moody’s growing concern about the potential volatility in ultimate performance of mortgage and mortgage-related collateralized debt obligation risks, and the corresponding implications for MBIA’s risk-adjusted capital adequacy,” Moody’s said in a release.

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