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PA) is said to have reached an agreement with MBIA Inc and has subsequently withdrawn lawsuits challenging MBIA Inc's restructuring.
The restructuring of MBIA Inc in February 2009 split its municipal bond business from its structured finance operations.
National Public Finance Guarantee Corporation (National), an indirect subsidiary of MBIA Inc.
These risks and uncertainties could affect financial performance or could cause actual results to differ materially from estimates contained in or underlying the 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.
Prior to his position as president and chief operating officer of MBIA Inc.
These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected, including, among other risks, the possibility that 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.
A financial analysis of MBIA Inc is presented in the report which includes a ratio analysis, basic profit and loss analysis, presentation of the company balance sheet, and much more.
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.