S&P May Raises Financial Strength Rating on MBIA (MBI) to 'B'; Outlook Positive
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MKM Partners Sees More 'Positive' News for MBIA (MBI); Price Target Raised
May 9, 2013 10:41 AM EDTMKM Partners analyst Harry Fong raised his price target on Buy-rated MBIA Inc. (NYSE: MBI) from $18 to $20 Thursday after the company settled with Soc Gen and S&P issued a new report on MBIA and its subsidiaries and has placed the parent company and National Public... More
MBIA (MBI) Affirms Entering MBS Settlement with BofA (BAC)
May 6, 2013 3:43 PM EDTMBIA Inc. (NYSE: MBI) (the Company) today announced that it has, together with its subsidiaries MBIA Insurance Corporation (MBIA Corp.) and National Public Finance Guarantee Corporation (National), agreed to the terms of a comprehensive settlement agreement and related agreements (the Settlement Agreement) with Bank of America Corporation (NYSE: BAC) and certain of its subsidiaries (Bank of America). Under the terms of the Settlement Agreement, MBIA Corp. will receive a net payment of approximately $1.7 billion, consisting of approximately $1.6 billion in cash and $137 million principal amount of MBIA Inc.s 5.70% Senior... More
