(Updated with corrected information about MBIA exposure to Detroit. It is $2.5 billion, not $3.4 billion as previously stated.)NEW YORK ( TheStreet) -- Michigan's planned appointment of an emergency financial planner to take over the city's finances "should not be viewed as a negative" to financial guaranty insurers MBIA (MBI - Get Report) and Assured Guaranty (AGO - Get Report), according to MKM Partners analyst Harry Fong.
Detroit Takeover Won't Harm Muni Insurers: Analyst
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