MBIA's National Public Finance Guarantee Corp. Comments on Exposure to City of Detroit
March 05, 2013 at 14:58 PM EST
In response to investor inquiries, National Public Finance Guarantee Corporation (National), an indirect subsidiary of MBIA Inc. (NYSE: MBI ), today confirmed that it has approximately $100.7 million of insured exposure to the general obligation debt of the City of Detroit, Michigan. National has additional exposures to various City of Detroit issues totaling