MBIA Tumbles on $8.1 Billion of CDOs, Fitch Warning (Update9)
Story date: 2007-12-20 03:56:00
Added on: 2007-12-20 17:12:46
Bloomberg - The $30 billion of exposure for MBIA Insurance to CDOs linked to residential mortgage-backed securities that S&P listed in its report yesterday includes the CDOs-squared disclosed by MBIA, S&P said today in response to investor inquiries. A Dec. 14 ...
Read more...
Related Stories:
-
UPDATE 3-Fitch, S&P cut $40 bln in mortgage-linked CDOs
Reuters - (Adds second Fitch rating action on CDOs.) NEW YORK, Nov 21 (Reuters) - Derivative Fitch and Standard & Poor's on...
2007-11-21 09:57:00 -
MBIA Says It Can Weather Slump, Doesn't Need Bailout (Update2)
Bloomberg - CDOs repackage assets such as mortgage bonds and buyout loans into new securities with varying risk. As the value of...
2008-02-14 05:46:00 -
Bond giant's $8.1 billion surprise
CNN Money - MBIA, the country's largest bond insurer, revealed late Wednesday that the $8.1 billion is backed by collateral debt obligations...
2007-12-20 12:43:00 -
Thursday's Winners & Losers: TiVo
Street.Com - Earlier, shares had tumbled after MBIA revealed it took a fourth-quarter loss of $2.3 billion, or $18.61 a share thanks...
2008-01-31 01:41:00 -
Fitch Expects to Rate MBIA $1B Surplus Note Offering 'AA' (Centre Daily Times)
Fitch Ratings expects to assign an 'AA' rating to the $1 billion offering of surplus notes that MBIA Insurance Corp. (MBIA), the...
2008-01-09 06:03:15 -
Citigroup Fires CDO Bankers After Mortgage Losses (Update2)
Bloomberg - Investors have scaled back purchases of CDOs after subprime mortgage defaults in the U.S. led to rating downgrades for bonds...
2007-12-19 02:53:00 -
Paul Singer Irks Congo With Vulture Funds That Help Giuliani
Bloomberg - ... was talking about was contained in collateralized debt obligations, or CDOs -- packages of debt that bundle subprime...
2008-01-08 12:53:00 -
S&P slashes ratings on $5.7 billion of ABS CDOs
Reuters - ... structured finance CDOs tied mostly to residential mortgage-backed securities. Some of these securities fell from the agency's top...
2008-02-14 01:31:00