MBIA Inc. is a financial services company based in Armonk, NY, specializing in insuring and reinsuring structured finance and international public finance obligations, including bonds, loans, and derivatives. They have a subsidiary, MBIA Mexico, that operates in Mexico, and they have ceded their U.S. public finance business to another subsidiary, National Public Finance Guarantee Corporation.
Since 2008, MBIA Insurance Corporation has not written a significant amount of new business and it is uncertain when or how they may reengage in the market. They have ceased insuring new credit derivative contracts, except for transactions related to reducing existing exposure. Credit ratings for MBIA Insurance Corporation and its subsidiaries can be found through Moody's Investors Service and Standard Poor's Ratings Services.
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