Moody’s has downgraded MBIA Corp. to Caa3 and changed its National outlook to negative. This comes as a blow to the company, as it indicates a higher risk of default. The downgrade reflects concerns about the company’s financial health and ability to meet its obligations. Investors should proceed with caution.

Read more at Investing.com: Moody’s downgrades MBIA Corp. to Caa3, changes National outlook to negative