by Calculated Risk on 2/05/2008 06:55:00 PM

From Fitch: Fitch Takes Rating Actions on 172,326 MBIA-Insured Issues

Concurrent with its rating action earlier today on MBIA Insurance Corp. and its affiliates (MBIA), Fitch Ratings has taken various rating actions on 172,326 bond issues (172,168 municipal, 158 non-municipal) insured by MBIA. ...

Fitch placed MBIA's 'AAA' Insurer Financial Strength (IFS) on Rating Watch Negative following Fitch's announcement that it will be updating certain modeling assumptions in its ongoing analysis of the financial guaranty industry.

Quite a few ripples in the pond.