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): December 6, 2007

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

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

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

               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
filed pursuant to Item 8.01 - Other Events of Form 8-K.

As MBIA Inc. ("MBIA" or the "Company") disclosed in its Quarterly Report on Form
10-Q for the period ended September 30, 2007, Moody's Investors Service
("Moody's") and Fitch Ratings Ltd. ("Fitch") announced in early November 2007
that they would assess the impact of the continuing deterioration in the
residential mortgage-backed securities market on their ratings of financial
guarantors, including MBIA.

On December 5, 2007, Moody's published a comment intended to update the market
about Moody's analytic work as well as to offer additional detail about the
methods and process underlying their assessment of the continuing deterioration
in the residential mortgage-backed securities market on their ratings of
financial guarantors, including MBIA. In its comment, Moody's indicated three
factors that would largely determine whether Moody's takes rating actions on
those financial guaranty insurers most exposed to deterioration in the mortgage
markets: (1) current capital adequacy - whether the guarantor meets Moody's
capital adequacy benchmarks for its rating; (2) prospective capital adequacy -
whether the guarantor will meet Moody's capital adequacy benchmarks in the near
and medium term, and (3) strength of franchise and business model - whether the
guarantor will be able to access, going forward, attractive business
opportunities consistent with its rating level. Moody's announced that its
assessment would be completed within two weeks of the comment.

Moody's further indicated that, based on additional analysis of the Company's
residential mortgage backed securities portfolio, Moody's believes that the
Company is somewhat likely to exhibit a capital shortfall.

Separately, on November 26, 2007, Standard & Poor's Ratings Services' Global
Bond Insurance Group ("S&P") announced that it was preparing a comment on bond
insurers' subprime exposure. S&P's last published comment on this topic, from
August 2, 2007, included a stress scenario for the primary bond insurers that
reflected an opinion that conservative theoretical deterioration of subprime
residential mortgage backed securities and collateralized debt obligations with
subprime collateral would not impair the bond insurers' capital adequacy. S&P
indicated in its November 26, 2007 announcement that it was working to update
the assumptions that would underlie a stress scenario for the primary bond
insurers.

Neither Fitch, Moody's nor S&P has taken any rating actions with respect to
MBIA. However, there is no assurance that one or more of the rating agencies
will not conclude that MBIA will need to raise additional capital or take other
measures to maintain its ratings from that agency. Requirements imposed by the
rating agencies are outside the control of MBIA, and such requirements could
require MBIA to raise additional capital or take other remedial actions in a
relatively short timeframe.

The Company believes that maintaining a strong balance sheet and an adequate
capital cushion is prudent. Therefore, the Company has been pursuing capital
contingency plans, even in the absence of any immediate rating agency action.



On December 6, 2007, the Company issued a press release in response to the
Moody's comment. 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 December 6, 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: December 6, 2007



                   EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K
                             Dated December 6, 2007


Exhibit 99.1            Press Release issued by MBIA Inc. dated December 6, 2007

EX-99.1

                                                                    Exhibit 99.1

                MBIA Responds to Moody's Announcement

    ARMONK, N.Y.--(BUSINESS WIRE)--Dec. 6, 2007--MBIA Inc. (NYSE:
MBI), the holding company for MBIA Insurance Corporation, today issued
the following statement in response to the announcement issued by
Moody's Investors Service on Wednesday, December 5.

    "We note Moody's announcement concerning financial guarantors.
Contrary to some press reports, Moody's has not taken any rating
actions with respect to MBIA. Moody's indicated that, similar to
several other monoline insurers, MBIA is somewhat likely to require
additional capital. The Company believes that maintaining a strong
balance sheet and an adequate capital cushion is prudent. Therefore,
the Company has been pursuing capital contingency plans, even in the
absence of any immediate rating agency requirements."

    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.
             Media:
             Elizabeth James, 1-914-765-3889
             or
             Investor:
             Greg Diamond, 1-914-765-3190