Standard & Poor’s downgraded bond insurer National Public Finance Guarantee three notches to BB from BBB Thursday evening.

S&P also downgraded sister company MBIA Insurance Corp. to CCC from B. It affirmed its B-minus grade on parent company MBIA Inc.

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.