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MBIA Inc. Message Board

  • sciortie sciortie May 9, 2013 10:45 AM Flag

    Berger doesn't think National Public Finance Guarantee will make a big comeback

    10:43 EDT - S&P moving MBIA's (MBI) muni insurer into investment-grade territory came as a surprise to Thomson Reuters Municipal Market Data's Dan Berger . Despite the rating agency's apparent optimism about the business, Berger doesn't think National Public Finance Guarantee will make a big comeback, pointing to the diminished use of muni-bond insurance. It's been on less than 10% of new volume since 2009 and MBI hasn't written a new muni policy in years. "Bond insurance has a failed operating history, and MBIA and its peers will never regain their AAA rating or importance as a meaningful presence in the muni-bond market," argues Berger.

    Sentiment: Strong Sell

 
MBI
6.83+0.02(+0.29%)Jun 30 4:03 PMEDT