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 ?
The net losses on the fair value of insured derivatives in 2013 were principally due to the effects of MBIA Corp.'s nonperformance risk on its derivative liabilities which resulted from a narrowing of its own credit spreads, partially offset by commuting derivatives at prices below fair value the firm said.
The rating agency also added that the financial strength rating for National Public Finance Guarantee Corp, which was raised to BBB from BB, reflects "the company's strengthened capital adequacy position and financial risk profile following MBIA Corp's repayment of the intercompany loan."
The 26-year-old forward has previously stated that the Premier League was '(http://www.fifa.com/worldfootball/news/newsid=2065879.html) the league for him ' after completing his move from Marseille, and comments from his compatriot and current QPR teammate Mbia suggest both will be looking for a move as quickly as possible.
QPR: Julio Cesar 7, Onuoha 7, Nelsen 7, Hill 6, Fabio 7, Derry 6, Mackie 7, Mbia 7, Granero 6 (Park 90), Hoilett 5 (Wright-Phillips 16, 6), Taarabt 6 (Dyer 90).
Rose was impressive at both ends, and he did well to head a raking Mbia pass away from Jamie Mackie.
Stephane Mbia "I am a Marseillais and I love Marseille.
Yet Rennes have laughed off what they see as a paltry offer for Mbia - who Everton and Arsenal were quoted a fee of over pounds 10m for last season - and Kinnear's hopes of landing Gomis also look slim.
Mr Buffett's move comes as the credit ratings of major US bond insurers, including MBIA and a unit of Ambac Financial, look shaky.
Jill Walsh has seventeen years of mechanical engineering experience during which time she has been project manager and lead designer for multiple projects for many of the firm's larger corporate clients; including MBIA Insurance and Forest Laboratories.
"Our company was $80 a few years ago; it was down to $36 a few months ago, and now it's back up to $58," said MBIA Inc.'s Gary Dunton, adding, "You feel like you're a yo-yo."
M2 EQUITYBITES-January 12, 2017-Assured Guaranty Closes Acquisition of MBIA UK Insurance
Global Banking News-September 30, 2016--Assured Guaranty to purchase MBIA UK