MBIA Loses $2.3B on Writedowns

January 30, 2008

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MBIA Inc. reported writedowns of $3.5 billion on souring credit derivatives in the fourth quarter Thursday, raising the possibility that the world’s largest bond insurer could lose its top credit rating.

*For more on this story,

read the full Associated Press article.

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MBIA Loses $2.3B on Writedowns

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