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30 Jun 2008, 11:51 am
  Moody’s stated that the ratings downgrade for MBIA reflects the firm’s limited financial flexibility and impaired franchise, as well as the substantial risk within its portfolio of insured exposures, as well as a movement toward more aggressive capital management within the group.Moody's stated that its outlook for MBIA and Ambac's future ratings are “negative” since it was concerned with uncertainties regarding the… [read post]