MBIA at greater risk of capital shortfall: Moody's
NEW YORK (Reuters) - Bond insurer MBIA Inc. (MBI.N) is at greater risk of a capital shortfall than previously communicated, and a shortfall is now considered somewhat likely, Moody's Investors Service said on Wednesday.
The conclusion was based on an analysis of MBIA's residential mortgage-backed portfolio, Moody's said in a statement.
Of five large bond insurers being reviewed by Moody's, CIFG, owned by French bank Natixis (CNAT.PA), is most likely to fall below the capital benchmarks for a "triple-A" rating, Moody's said.
(Reporting by Dena Aubin, Editing by Chizu Nomiyama)
