(Corrects insurance on PREPA refunding bonds to show 2041 maturity not backed by Assured Guaranty Municipal Corp)
new law, (PR) is more of a sovereign nation, and creditors do not have the protection of the federal laws to exercise their remedies. This is chaos." MBIA ( MBI -1.3% ), Assured Guaranty ( AGO -1.2% ). Post your comment!
the largest monoline insurers, according to the latest CDS case study from Fitch Solutions. Five-year CDS on Assured Guaranty Municipal Corporation (66%) and MBIA, Inc. (73%) have widened notably in recent weeks. Additionally, CDS
restructure its debt under the new public corporation bankruptcy law passed last month. MBIA ( MBI -0.5% ), Assured Guaranty ( AGO +1.3% ) Previously: PREPA gets lifeline from lenders Post your comment!
discussions with its lenders and will use the extra time to evaluate its alternatives. MBIA ( MBI -2.4% ) briefly spiked when the headline hit yesterday afternoon, but has resumed lower. Assured Guaranty ( AGO -0.6% ). 1 comment!
MBIA and Assured Guaranty have had a tough go of it since Puerto Rico moved closer to a debt restructuring over the past couple of weeks, but also exposed
Cutting its price target on Assured Guaranty ( AGO -1.2% ) to $28 from $31 following Puerto Rico's move to pave the way for debt restructuring, UBS says the 10% decline
We recommend that investors not make their decisions about their investments in the bond insurers based on what we would characterize as a head fake." MBIA ( MBI -4.5% ), Assured Guaranty ( AGO -2.5% ). Post your comment!
of a new law allowing public corporations to defer or reduce payments on their debt. See also: Moody's affirms Assured Guaranty rating Previously: Moody's takes chainsaw to Puerto Rico credit rating Post your comment!
means through which the company will increase its valuation during the next couple of years." Previously: Moody's takes chainsaw to Puerto Rico credit rating Previously: Assured Guaranty raises $500M in debt sale Post your comment!