Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: reaper who wrote (209060)	12/11/2002 2:36:11 PM
From: NOW	Read Replies (2) of 436258

Keefe Bruyette & Woods insurance analyst Geoffrey Dunn believes MBIA's (MBI) franchise remains "stronger than ever" after its chief executive spoke at the firm's insurance conference Tuesday morning. Dunn says the company remains committed to strengthening its triple-A credit rating and adhering to a "no-loss" underwriting standard. "Our number one concern remains the misconceptions that appear to be dominating the shares performance," Dunn said. "However, we believe that management will continue to confront these issues and disseminate additional facts into the market, reducing the issue." Earlier this week hedge fund Gotham Partners said the bond insurer's triple-A ratings were "undeserved." The major rating agencies have since affirmed their ratings on MBIA, sending the stock up nearly 6% on Wednesday. (CUB)

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