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MBIA Scores Big Investment

Stock quotes in this article: MBI , ABK  

Updated from 11:13 a.m. EST

Bond insurer MBIA(MBI Quote) will receive a $1 billion in capital from the private-equity firm Warburg Pincus.

The cash infusion will come in the form of a direct purchase of MBIA common stock by Warburg and a backstop for a shareholder rights offering, the company said in a released statement Monday morning.

"We believe this investment in our common stock by Warburg Pincus, one of the most respected and successful private equity firms, is a validation of the strength and integrity of our business," said MBIA CEO Gary Dunton in the release. ...

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