{"id":198163,"date":"2007-12-06T06:30:00","date_gmt":"2007-12-06T11:30:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/12\/06\/mbia-largest-bond-insurer-risking-moodys-downgrade\/"},"modified":"2007-12-06T06:30:00","modified_gmt":"2007-12-06T11:30:00","slug":"mbia-largest-bond-insurer-risking-moodys-downgrade","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2007\/12\/06\/mbia-largest-bond-insurer-risking-moodys-downgrade\/","title":{"rendered":"MBIA, Largest Bond Insurer, Risking Moody&#8217;s Downgrade"},"content":{"rendered":"<p>Moody&#8217;s has said that MBIA is,  &#8220;<a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&amp;sid=ae3ViyHy8EE8&amp;refer=home\">&#8216;somewhat likely&#8217; to face a shortage of capital that threatens its AAA credit rating<\/a>.&#8221;<\/p>\n<p>If their credit rating slips, then the bonds that they insure will have to be re-rated&#8230;.House of cards.<\/p>\n<blockquote style=\"color: rgb(0, 0, 153);\"><p>The loss of MBIA&#8217;s top ranking would cast doubt over the ratings of $652 billion of state, municipal and structured finance bonds that the company guarantees. MBIA is among at least eight bond insurers seeking to ward off potential credit-rating downgrades by Moody&#8217;s, Fitch Ratings and Standard &amp; Poor&#8217;s. The insurers guarantee $2.4 trillion of debt and downgrades could cause losses of $200 billion, according to Bloomberg data.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Moody&#8217;s has said that MBIA is, &#8220;&#8216;somewhat likely&#8217; to face a shortage of capital that threatens its AAA credit rating.&#8221; If their credit rating slips, then the bonds that they insure will have to be re-rated&#8230;.House of cards. The loss of MBIA&#8217;s top ranking would cast doubt over the ratings of $652 billion of state, &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,973],"tags":[],"class_list":["post-198163","post","type-post","status-publish","format-standard","hentry","category-bubble","category-economy"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198163"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=198163"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/198163\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=198163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=198163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=198163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}