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MBI - Assured Guaranty's Puerto Rico Settlement Has Changed The Game Materially
May, 10 2021 02:37 AM
MBIA Inc.
Assured Guaranty trades at just over 40% of adjusted book value per share, despite the lowest below investment grade exposure in its history. The settlement with AGO's most troublesome credits relating to Puerto Rico will not add any losses to AGO's reserves at current management estimates. AGO should be poised to further consolidate the industry and buy back even more stock with the resolution of this most challenging issue. For further details see:
Assured Guaranty's Puerto Rico Settlement Has Changed The Game Materially
Stock Information
Company Name:
MBIA Inc.
Stock Symbol:
MBI
Market:
NYSE
Website:
mbia.com
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