Exhibit 99.1

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


    ARMONK, N.Y.--(BUSINESS WIRE)--Dec. 14, 2007--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.


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