Fitch Ratings has removed 87 residential mortgage-backed securities insured by MBIA Inc. from Rating Watch Negative. The action followed Fitch's recent affirmation of the AAA Insurer Financial Strength ratings of MBIA and its subsidiaries. The IFS rating of the financial guaranty insurance company, and the related RMBS ratings, had been placed on Rating Watch Negative following assessments of the company's exposure to RMBS and collateralized debt obligations backed by subprime mortgage collateral.
MBIA RMBS Classes Off Watch
January 22, 2008, 2:00 p.m. EST 1 Min Read
