MBIA works to keep rating through increased stock offering

02/8/2008 | Forbes

A day after announcing a $750 million stock offering, MBIA Inc. has increased the size of the offering to $1 billion as the struggling bond insurer works to maintain its "AAA" credit rating. Standard & Poor's put MBIA on a negative watch last week, and Fitch Ratings has warned it may downgrade the bond insurer.

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