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IDS World Markets Tues 5th February 08


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DJ MARKET TALK: Fitch Puts MBIA, CIFG On Watch For AAA Rtg Cut

 

2057 GMT [Dow Jones] Fitch has joined Moody's and S&P by putting MBIA (MBI)

on watch for downgrade. Previously, it had affirmed the country's No. 1 bond

insurer's AAA rating with a stable outlook. Now Fitch says MBIA's additional

capital-raising may not be enough to meet AAA requirements. Fitch is also

putting smaller bond insurer CIFG on watch for downgrade. Even FSA, whose AAA

rating was affirmed with stable outlooks recently by all three agencies, isn't

off the hook from Fitch now. Fitch says there may be added liquidity

requirements for FSA because of the indirect impact of deteriorating RMBS

performance. (RV)

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DJ MARKET TALK: Fitch Puts MBIA, CIFG On Watch For AAA Rtg Cut

 

  2057 GMT [Dow Jones] Fitch has joined Moody's and S&P by putting MBIA (MBI)

on watch for downgrade. Previously, it had affirmed the country's No. 1 bond

insurer's AAA rating with a stable outlook. Now Fitch says MBIA's additional

capital-raising may not be enough to meet AAA requirements. Fitch is also

putting smaller bond insurer CIFG on watch for downgrade. Even FSA, whose AAA

rating was affirmed with stable outlooks recently by all three agencies, isn't

off the hook from Fitch now. Fitch says there may be added liquidity

requirements for FSA because of the indirect impact of deteriorating RMBS

performance. (RV)

642902[/snapback]

 

I'm willing to bet that they obtain that extra capital in the next week...and you know what happens next. :o

 

post-1110-1202245369_thumb.jpg

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