Moody's Affirms Triple-A Rating for MBIA Insurance Corporation and Changes Outlook...

Moody's Affirms Triple-A Rating for MBIA Insurance Corporation and Changes Outlook to Negative Pending Capital Plan Implementation

ARMONK, N.Y.--(Business Wire)--MBIA Inc. (NYSE:MBI) today announced that Moody's has affirmed the
Triple-A insurance financial strength ratings for MBIA Insurance
Corporation. The Company also announced that Moody's changed its
Outlook for MBIA Insurance Corporation to Negative from Stable pending
implementation of the commitment to invest $1 billion by Warburg
Pincus previously announced and other elements of its total capital
management plan.

Gary Dunton, MBIA Chairman and Chief Executive Officer said, "We
are pleased with Moody's affirmation of our Triple-A ratings, and we
are confident that we will promptly implement the remaining components
of the capital plan presented to Moody's and return to Stable
Outlook."

MBIA Inc., through its subsidiaries, is a leading financial
guarantor and provider of specialized financial services. MBIA's
innovative and cost-effective products and services meet the credit
enhancement, financial and investment needs of its public and private
sector clients, domestically and internationally. MBIA Inc.'s
principal operating subsidiaries, MBIA Insurance Corporation, MBIA UK
Insurance Limited and MBIA Mexico have financial strength ratings of
Triple-A from Moody's Investors Service, Standard & Poor's Ratings
Services and Fitch Ratings. MBIA has offices in London, Madrid, Mexico
City, Milan, New York, Paris, San Francisco, Sydney and Tokyo. Please
visit MBIA's Web site at www.mbia.com.

MBIA Inc.
Elizabeth James, 914-765-3889
elizabeth.james@mbia.com
Willard Hill, 914-765-3860
willard.hill@mbia.com

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