Risk Factors Update Summary
- National had a decrease in debt service outstanding related to Puerto Rico from $896 million to $137 million.
- National paid gross claims of $189 million in 2022 and $16 million in 2023 for PREPA.
- The Oversight Board filed the Corrected Fourth Amended Title III Plan on December 29, 2023.
- The Court approved the Disclosure Statement for the Third Amended Plan of Adjustment for PREPA.
- The First Circuit Court of Appeals heard arguments on the appeal related to bondholder liens.
- MBIA Corp recorded expected RMBS recoveries of $63 million in 2023, a decrease from $57 million.
- Unplanned costs on MBIA Inc. could arise from the appointment of a rehabilitator or liquidator.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=814585&owner=exclude
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