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To: Box-By-The-Riviera™ who wrote (350331)	12/5/2007 1:22:36 PM
From: ldo79	Respond to of 436258

Moody's Says MBIA May Face Capital Shortfall (Update1) By Emma Moody Dec. 5 (Bloomberg) -- Moody's Investors Service said MBIA Inc., the largest bond insurer, is ``somewhat likely'' to face a capital shortfall, reversing its assessment of only moderate risk, sending the shares tumbling 9 percent. An analysis of MBIA will be completed within two weeks, Moody's said in a statement today. Moody's said additional scrutiny of the Armonk, New York-based bond insurer's mortgage- backed securities portfolio caused it to revise its assessment. ``The guarantor is at greater risk of exhibiting a capital shortfall than previously communicated,'' Moody's said. ``We now consider this somewhat likely.'' MBIA fell $2.98, or 9 percent, to $29.65 at 1:07 p.m. in New York Stock Exchange composite trading. Liz James, a spokeswoman for MBIA, said the company had no immediate comment.