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
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MBI
News
- MBIA Inc. (NYSE:MBI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- MBIA Inc. Reports Full Year and Fourth Quarter 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- MBIA Inc. Reports Full Year and Fourth Quarter 2023 Financial ResultsBusiness Wire
- MBIA Inc. (NYSE: MBI) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- MBIA Inc. Investor Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results Scheduled for Thursday, February 29 at 8:00 A.M. Eastern Time [Yahoo! Finance]Yahoo! Finance
MBI
Earnings
- 2/28/24 - Miss
MBI
Sec Filings
- 3/25/24 - Form ARS
- 3/21/24 - Form DEF
- 3/7/24 - Form 8-K
- MBI's page on the SEC website