MBIA claims loss levels are manageable

05/15/2008 | Wall Street Journal, The

MBIA Inc. said its loss levels are manageable in response to questions by Moody's Investors Service about whether the bond insurer should maintain its AAA credit rating. MBIA said losses from its direct residential-mortgage-backed securities are "modestly above Moody's expected losses" but "significantly less than their stress-loss estimates."

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