"We see the non-payment as having no material impact on MBIA's (MBI +1.4%) equity," writes...

|About: MBIA Inc. (MBI)|By:, SA News Editor

"We see the non-payment as having no material impact on MBIA's (MBI +1.4%) equity," writes BTIG's Mark Palmer following NY's decision not to let the company make a scheduled interest payment on some bonds due today. The missed payment does not constitute a default and the company can make up for it without added interest once given regulatory permission.