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« Premiums Increase More Because Road Safety, or Traffic? True, False? | Main | Credit Raters Told to Rate Credit. Period. »

March 14, 2008

Bye, Bye Bond Insurance Companies?

    At least for Municipal Bond Insurance.

    The market for Municipal Bond Insurance is way down.  Demand has dropped like a stone.  Issuers of so-called Municipal Bonds (which include Counties, States, Hospitals, and other government groups authorized to issue bonds rather than assess taxes) in many cases now have higher credit ratings, in the eyes of investors certainly, than many Bond Insurance Companies.  Bye, bye Bond Insurance Companies, at least for Munis?  It is a possibility.  See Michael McDonald & Christine Richard, "Insurance Drops For Municipal Debt, Undermines MBIA (Update 3)" (Bloomberg.com, Thursday, March 13, 2008).

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Posted by on March 14, 2008 at 08:04 AM in Market Performance |

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