MBIA, Inc.

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MBIA, Inc.

A private corporation that guarantees principal and interest payments on debt securities and some asset-backed securities. Founded in 1974 upon the merger of several casualty insurance companies, MBIA originally specialized in guaranteeing municipal bonds. It has since expanded to other investment vehicles such as corporate bonds and mortgage-backed securities. Clients are issuers who pay a fee to MBIA in exchange for the insurance. MBIA insurance typically guarantees the highest possible credit rating and lowers the overall cost of the issue.

MBIA, Inc.

A private corporation that provides financial guarantees and investment management products and services. MBIA was formed as a consortium of five casualty insurance companies in 1974 to guarantee principal and interest payments on municipal debt. It has since expanded its scope to guarantee structured asset-backed and mortgage-backed transactions, corporate bonds, and obligations of financial institutions. Borrowers pay MBIA a fee and, in return, issue debt that receives a higher rating and carries a lower interest rate.
References in periodicals archive ?
PA) is said to have reached an agreement with MBIA Inc and has subsequently withdrawn lawsuits challenging MBIA Inc's restructuring.
Standard & Poor's today assigned its double-'A' senior debt rating to MBIA Inc.
National Public Finance Guarantee Corporation (National), an indirect subsidiary of MBIA Inc.
The suit against the company has alleged that 'the decision to move assets from the unit and render it effectively insolvent was a blatant attempt to enrich MBIA Inc and its management at the expense of MBIA Insurance and its policyholders.
4 /PRNewswire/ -- Fitch IBCA assigns its 'AA' rating to MBIA Inc.
Company analysis includes a history of MBIA Inc, a business segment analysis of the segments MBIA Inc operates through, a look at the organization structure of the company, a geographical operating segments analysis, an analysis of the company's major competitors.
At that time, the company's predecessor, the Municipal Bond Insurance Association, reorganized and established MBIA Inc.
NEW YORK -- Fitch affirms the 'AAA' insurer financial strength (IFS) rating of MBIA Insurance Corporation (MBIA) and the 'AA' long term debt rating of MBIA Inc.
The offering consists of 1,430,000 new shares being sold by MBIA Inc.
Malling has been elected executive vice president of MBIA Inc.