All these instituitions have insured in residential mortgage-backed debt securities and collaterized debt obligations, which has come under pressure as the subprime fallout all but wiped out mortgage credit.
Credit ratings agencies like Moody’s, Standard & Poor’s and Fitch are trying to determine whether bond insurers’ ability to repay debt has been impacted by the deterioration of the mortgage market.(threaten their triple-A credit ratings.)
Moody’s Investors Service announced on Wednesday that it was more likely to downgrade MBIA’s financial strength rating than it was a month ago. Moody's (nyse: MCO - news - people ) will decide whether or not to downgrade the bond insurer within two weeks.
MBIA has said that if its credit ratings slipped it would make it harder to compete with other bond insurers and win new business.
MBIA is the holding company of MBIA Insurance and is the world’s largest financial guarantor.
MBIA is the holding company of MBIA Insurance and is the world’s largest financial guarantor.
The company is now in distress-call and has found a white-knight to its rescue before further damaged is being done.(news).MBIA Inc. Gets Financing From Private-Equity Firm Warburg Pincus LLC-WSJ
Tracking the Dow ,Monday 10/12/07.The overnight spinning Helicopter made its early lift off from its platform with the papparazi pursuing agrressively like a bull.There was a sudden jolt 10 minutes to 2pm,when Mr.Bond (MBIA) was quizzed for interrogation by the intelligence service.Thereafter upon his release,then only the index proceeded upward in a volatile manner ending the day with another spinning doji.
The bulls are gearing up for the FOMC meeting tonight.They have reached theMeeting Lines
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/quotes_special.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
