March 11: Credit Risk – Fitch Comments on MBIA’s Request to Withdraw Ratings
Location: New York
Author:
Date: Tuesday, March 11, 2008
Fitch learned yesterday afternoon of MBIA's request that the Insurer Financial Strength Rating (IFS) be withdrawn and that they intended to announce their request at the close of the market yesterday, but that they would like Fitch to continue their debt ratings. Fitch is disappointed and surprised to learn of MBIA's request.
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