MBIA Letter Issued to Fitch Ratings

NEW YORK--(Business Wire)--
Below is the location of the MBIA letter it sent to Fitch Ratings
on March 7, 2008.

It can be found on the Fitch Ratings web site at
www.fitchratings.com under the following headers:

Financial Institutions then Insurance then Financial Guaranty then
Special Reports.

The complete URL is below and is accessible through a free login.

here
_id=376282 (Due to its length, this URL may need to be copied/pasted
into your Internet browser's address field. Remove the extra space if
one exists.)

Fitch's rating definitions and the terms of use of such ratings
are available on the agency's public site, www.fitchratings.com.
Published ratings, criteria and methodologies are available from this
site, at all times. Fitch's code of conduct, confidentiality,
conflicts of interest, affiliate firewall, compliance and other
relevant policies and procedures are also available from the 'Code of
Conduct' section of this site.

Fitch Ratings, New York
Media Relations:
Kenneth Reed, 212-908-0540

Copyright Business Wire 2008