MBIA Ratings to be Cut in 90 Days?

MBIA has been put on a negative CreditWatch with negative implications S&P.  This could lead to a downgrade of it's ratings.

 

There is probably alot of pressure on the ratings agency not to downgrade.  Otherwise, they might have already downgraded them.

 

http://www.marketwatch.com/news/story/sp-says-may-cut-mbia/story.aspx?guid=%7B33999CBC%2D6AC6%2D44DE%2D9ECE%2D27EC1E0FE78D%7D&dist=hplatest