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MBIA To Suspend Structured-Finance Underwriting For 6 Mos

Last Update: 2/25/2008 5:57:32 PM

DOW JONES NEWSWIRES

MBIA Inc. (MBI) said it will suspend the writing of all new structured-finance
business for the next six months.

The Armonk, N.Y., bond insurer also said it will move within five years to
separate its public and structured-finance insurance businesses.

MBIA dropped out of a bond insurance trade group Thursday, saying that the
industry must separate the business of insuring municipal bonds from the riskier
business of guaranteeing other types securities.

In a letter to investors, the company said Monday it may have move the company if
the U.S. tax code is not modified.

Shares in MBIA fell 25 cents to $14.33 in recent after-hours trading.

-Adam O. Manzor; 201-938-5400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 25, 2008 17:57 ET (22:57 GMT)

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