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May 10 (Reuters) – Standard & Poor’s Ratings Services on
Friday raised National Public Finance Guarantee Corp’s financial
strength rating to A from BBB and removed the rating from
CreditWatch Positive.
As the litigation with 18 banks over the transformation of
the group is over, “we no longer anchor our rating on National
Public Finance Guarantee Corp on MBIA,” S&P; said.
The ratings agency also raised MBI Inc’s
counterparty credit rating to BBB from B-minus – now at
investment-grade level.
On Wednesday, S&P; raised National Public Finance Guarantee
Corp’s financial strength rating to BBB from BB.
