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Best’s News & Research Service subscription required - August 28, 2008 04:51 AM (EDT)

MBIA Takes on FGIC Obligations in N.Y. Department-Brokered Deal

Financial guaranty insurer MBIA Inc. will reinsure a $184 billion portfolio of municipal bonds insured by rival Financial Guaranty Insurance Co. under a “cut through” transaction brokered by New York . . .

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Commercial Lines Financial Condition Regulation Reinsurance Financial Guarantee Insurance Financial Institutions New York Bonds (Securities) Issue Credit Rating


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