S&P lifts MBIA Mexico view to stable

S&P said it revised the outlook on MBIA Mexico SA de CV to stable from negative.

The agency also said it affirmed the company's CCC global scale counterparty credit and financial strength ratings and mxCCC national scale financial strength rating.

The ratings reflect the company's status as a core subsidiary of MBIA Insurance Corp., S&P said.

The group status is based on the parent's long-term commitment of support, the agency said.

This has enabled MBIA Mexico to meet its ongoing policy obligations despite financial stress at both the subsidiary and the parent levels, S&P said.

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