New York, May 21, 2014 -- Moody's Investors Service upgraded the insurance financial strength (IFS) rating of National Public Finance Guarantee Corporation (National) to A3, from Baa1, and the senior debt rating of MBIA Inc., the group's holding company, to Ba1, from Ba3. As part of the same rating action, Moody's upgraded the IFS ratings of MBIA Insurance Corporation (MBIA Corp.) and MBIA Mexico S.A de C.V. (MBIA Mexico) to B2, from B3, and the IFS rating of MBIA UK Insurance Limited (MBIA UK) to Ba2, from B1. The outlook for all the ratings is stable. The rating action also has implications for the various transactions wrapped by the MBIA group as discussed later in this press release.

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