The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (5843)	4/4/2008 5:05:14 PM
From: RockyBalboa	Read Replies (1) of 71402

Oh well, maybe I spoke too soon. VIX rebounds on MBIA rating cut. So much for goldilocks. finance.yahoo.com Fitch Cuts MBIA's Rating to "AA" Friday April 4, 3:12 pm ET By Stephen Bernard, AP Business Writer Fitch Cuts Financial Strength Rating of Bond Insurer MBIA to "AA" From "AAA" NEW YORK (AP) -- Credit rating agency Fitch Ratings said Friday it cut the critical financial strength rating of MBIA Inc. because the bond insurer does not have enough spare capital to warrant a top-notch rating. Fitch cut the rating to "AA" from "AAA." The downgrade could make it difficult for MBIA to book new business, as bond insurers typically need the top-tier rating to attract customers. MBIA's rating was placed on negative outlook, which is a long-term view of the company.

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