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Article: Fitch rates MBIA's claims paying AAA.(Fitch Investors Service Inc., MBIA Insurance Corp.)
- Article from:
- The Bond Buyer
- Article date:
- June 16, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Fitch Investors Service has assigned a AAA rating to the claims- paying ability of MBIA Insurance Corp., officials at the two companies said yesterday.
Fitch has solicited MBIA to apply for its rating for more than five years. MBIA's willingness to finally accept a Fitch rating seems to put Fitch on a more level playing field with competitors Standard & Poor's Corp. and Moody's Investors Service in ultimately being paid by issuers for rating their insured deals.
MBIA, the nation's leading bond insurer, already holds triple-A ratings from Standard & Poor's and Moody's.
In assigning the rating, Fitch said MBIA's strong capital position, conservative ...