Edit Metric

Company
Value
Source
Source URL
Notes
		Cancel

Edit | History

Details

Company:
Value :
Source:
Source URL:
Notes:

Feedback | FAQ

Get involved

Companies | Concepts | Contributors

MBIA (MBI)

Stock (Financial Services Industry, Insurance Industry, Surety & Title Insurance Industry)

The End of an Era...AAA No More The explicit AAA guarantee of MBIA's insurance is no more. S&P has downgraded the insurance unit of MBIA to AA. All of the securities insured by Ambac assumed to be AAA will now be revalued to AA unless the underlying credit is a AAA. MBIA placed on review for downgrade by Moody's Moody's has announced a review of the company's Aaa rating on the prospects of slowing new business and increases in mortgage-related losses. MBIA Reports Huge Loss MBI reported a lost of over $13.00 a share from derivative based writedowns and slowdowns in insurance premiums. MBIA Stock Tumbles After CDOs Announcement MBIA stock fell to its lowest level since 1987 after the firm announced that it had insured $8.1 billion in CDOs (collateralized debt obligations) backed by subprime mortgages. MBI Writedowns Lead to Sell-off MBI recorded a loss in the third quarter due to writedowns on the value of the company's credit derivatives portfolio and foreign exchange.

The Shelf

Worried about pump and dump?

We review changes
for stock spam

» read more

Want to make Wikinvest better?

We need your help,
contribute today

» learn how

Do you write software?

We are recruiting
the best engineers

» view jobs

Like Wikinvest?

Spread the word —
Tell your friends!

» spread the word

Wikinvest © 2006, 2007, 2008. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.