Moody’s Turns MBIA’s Debt To Junk

Moody’s Investors Service has sent MBIA’s debt rating into junk territory by lowering its rating two notches to Ba1, one step below investment grade.

  • 10 Nov 2008
Moody’s Investors Service has sent MBIA’s debt rating into junk territory by lowering its rating two notches to Ba1, one step below investment grade. Moody’s says the bond insurer’s exposure to U.S. mortgage losses as well as problems in its sector were the cause of the rating drop. ...

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