Your email has been successfully added to our mailing list.

×
-0.00168350168350175 -0.00168350168350175 -0.00112233445566777 -0.00112233445566777 -0.00448933782267106 -0.00392817059483728 -0.00561167227833882 -0.00561167227833882
Stock impact report

MBIA sees rejected framework for Puerto Rico settlement as progress [Seeking Alpha]

MBIA Inc. (MBI) 
US:NYSE Investor Relations: investor.mbia.com
Company Research Source: Seeking Alpha
MBIA sees rejected framework for Puerto Rico settlement as progressMBIA Inc. (NYSE:MBI) management sees the settlement framework offered last week by some of Puerto Rico's bondholders as a step forward, even though the proposal was almost immediately rejected by the Puerto Rico's government and the financial oversight board, writes BTIG analyst Mark Palmer."It showed that different creditors representing about half of Puerto Rico's $72B in debt, with conflicting interests, could come to an agreement," MBI Chief Risk Officer Adam Bergonzi told Palmer.It also reflects an "appropriate recovery for COFINA senior bonds," he added.The court's plan of adjustment is more important to MBI than the fiscal plan, CEO Bill Fallon told Palmer, and he doesn't expect to see the plan of adjustment soon. "If more time gets us to a more reasonable outcome, then we can afford to be patient," he said.BTIG's price target: $14;(MBI+1.1%) recent price $8.88.Source:Analyst reportPreviously:MBIA Inc. falls 1.4 Show less Read more
Impact Snapshot
Event Time:
MBI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for MBI alerts
Opt-in for
MBI alerts

from News Quantified
Opt-in for
MBI alerts

from News Quantified