MBIA Muni Wraps Upgraded: BTIG Says Reuters Misses The Point
Bond insurer MBIA Inc. (NYSE:MBI)'s National Public Finance Guarantee Corp. recent upgrade to AA- from A by Standard & Poor’s has caused some discussion about how much of a difference there really is between the two ratings for a bond investor. A recent post from Cate Long on Reuter’s MuniLand concluded that the possibility of default is probably too low to merit . . .
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