MBIA's National Public Finance Guarantee Corp. Comments on Exposure to City of Detroit

By: Benzinga
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
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