Dunton made his remarks during a conference call with analysts and investors. He said the company will have real and significant losses, but nothing to justify the sharp decline in MBIA's shares.
NEW YORK (Reuters) - MBIA Inc Chief Executive Gary Dunton on Thursday said the troubled bond insurer has been the target of "fear mongering" by self-interested parties.
Dunton made his remarks during a conference call with analysts and investors. He said the company will have real and significant losses, but nothing to justify the sharp decline in MBIA's shares.
He said MBIA is in the best position to maintain Triple-A ratings among public bond insurers.
(Reporting by Tim McLaughlin, editing by Gerald E. McCormick)
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