8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


      Date of Report (Date of earliest event reported): September 26, 2007

                                    MBIA INC.
             (Exact name of registrant as specified in its charter)

         Connecticut                      1-9583                 06-1185706
(State or other jurisdiction    (Commission File Number)        (IRS Employer
       of incorporation)                                     Identification No.)

             113 King Street,
             Armonk, New York                                       10504
(Addresses of principal executive offices)                        (Zip Code)

               Registrant's telephone number, including area code:
                                  914-273-4545

                                 Not Applicable
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_|  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

|_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))

- --------------------------------------------------------------------------------



Item 8.01. OTHER EVENTS.

The following information, including the Exhibit to this Form 8-K, is being
furnished pursuant to Item 8.01 - Other Events of Form 8-K.

MBIA Inc. ("MBIA") announced on September 26, 2007 that it has begun operations
in Mexico as MBIA Mexico, S.A. de C.V. ("MBIA Mexico") and is the first
financial guarantor licensed in Mexico to be rated Triple-A on a global and
national scale. Fitch Ratings, Moody's Investors Service, and Standard & Poor's
Ratings Services have assigned MBIA Mexico a financial strength rating of
Triple-A.

MBIA Mexico, located in Mexico City, is a subsidiary of MBIA Insurance
Corporation (99.9 percent) and MBIA Inc. (0.01 percent). All transactions
insured by MBIA Mexico will be 100 percent reinsured by MBIA Insurance
Corporation.

A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and is
incorporated by reference to this Item 8.01 as if fully set forth herein.

Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

99.1 Press Release issued by MBIA Inc. dated September 26, 2007.



                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                                         MBIA INC.


                                                         By: /s/ Ram D. Wertheim
                                                             -------------------
                                                             Ram D. Wertheim
                                                             General Counsel

Date: September 26, 2007



                   EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K
                            Dated September 26, 2007


Exhibit 99.1         Press Release issued by MBIA Inc. dated September 26, 2007.

EX-99.1

                                                                    Exhibit 99.1

         MBIA Mexico First Financial Guarantor Rated Triple-A in Mexico

     ARMONK, N.Y.--(BUSINESS WIRE)--Sept. 26, 2007--MBIA Inc. (NYSE: MBI)
announced today that it has begun operations in Mexico as MBIA Mexico, S.A. de
C.V. (MBIA Mexico) and is the first financial guarantor licensed in Mexico to be
rated Triple-A on a global and national scale. Fitch Ratings, Moody's Investors
Service, and Standard & Poor's Ratings Services have assigned MBIA Mexico a
financial strength rating of Triple-A.

     MBIA Mexico, located in Mexico City, is a subsidiary of MBIA Insurance
Corp. (99.9 percent) and MBIA Inc. (0.01 percent). All transactions insured by
MBIA Mexico will be 100 percent reinsured by MBIA Insurance Corp.

     "MBIA Mexico is an important step in the ongoing expansion of our global
franchise," said MBIA Chairman and CEO Gary Dunton. "We look forward to building
enduring partnerships in the Mexican marketplace, and strengthening our already
growing presence there."

     Eugenio Mendoza, MBIA managing director and head of new business
development in Latin America, noted, "The strength of the capital markets in
Mexico has increased demand for financial guarantees over the last few years and
MBIA is committed to supporting Mexico's continuing development."

     MBIA guarantees the timely payment of principal and interest to investors
and lowers the cost of capital for the issuer. MBIA's Triple-A-rated financial
guarantee policy enables issuers to increase marketability of their securities
and reduce their borrowing costs, and investors gain safety and security. Since
1994, MBIA has insured over $6.8 billion in par in Mexico. The Company has been
most active in toll road financings in Mexico and has also completed a number of
structured trade securitizations.

     MBIA Inc., through its subsidiaries, is the world's largest financial
guarantor and a 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 Insurance Corp. has 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.


     CONTACT: MBIA Inc.
              Elizabeth James, +1-914-765-3889