NEW YORK (Reuters) - Bond insurer MBIA Inc said on Thursday that New York's decision to prevent it from making an interest payment on a series of notes does not mean it cannot meet its financial obligations.
The decision "does not reflect MBIA Insurance's current solvency or ability to pay claims to policyholders," Marc Kasowitz, a lawyer for the insurer, wrote in a letter to a New York state judge.
New York's Department of Financial Services blocked the interest payment on Tuesday, but at the time neither the company nor the regulator would say why the measure had been taken.
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