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Rating Agency Reports

06/19/08: Moody's downgrades MBIA's rating to A2; outlook is negative.
06/11/08: S&P’s Summary Analysis MBIA Insurance Corp.
06/05/08: S&P: Ambac And MBIA Financial Strength Ratings Lowered To 'AA' And Placed On CreditWatch Negative
03/11/08: Standard & Poor's Underlying Ratings In Most Bond-Insured Transactions Are Strong And Stable
03/07/08: Fitch Comments on MBIA'S Request To Withdraw Ratings
02/26/08: Moody's confirms MBIA's Aaa rating, changes outlook to negative
02/25/08: Detailed Results Of Subprime Stress Test Of Financial Guarantors
01/31/08: Standard & Poor's Lowers Rtgs On FGIC To 'AA' From 'AAA', Places MBIA, XLCA Rtgs On Watch Neg
01/18/08: Moody's Reviews MBIA's Ratings for Possible Downgrade
01/17/08: Standard & Poor’s Updates Results of Its Bond Insurance Stress Test for Revised Assumptions
12/21/07: Moody’s Comments on MBIA’s CDO Exposure
12/20/07: S&P Says MBIA’s CDO Exposure Was Reflected In Its Analysis
12/19/07: S&P Report: Detailed Results Of Subprime Stress Test Of Financial Guarantors
12/14/07: Moody's Announces Rating Actions on Financial Guarantors
12/11/07: Moody's Comments on MBIA's Announced Capital Increase
12/5/07: Moody's Evaluation of Financial Guarantors' Mortgage Risk - An Update
11/8/07: Moody's to Update Rating Opinion on Financial Guarantors
10/31/07: S&P Report: Significant Mark-To-Market Losses On Credit Derivatives Not Expected To Affect Bond Insurer Ratings
10/5/07: Moody's Credit Opinion on MBIA Insurance Corp.
09/2007: Moody's Financial Guarantor's Subprime Risks: From RMBS to ABS CDOs
08/02/07: S&P Report: U.S. Bond Insurers Withstand Subprime Stress
06/14/07: S&P Report
1/11/07: R&I Report: Japanese
12/2006: Moody's Evaluates Financial Guarantors' Non-Core Businesses
12/2006: Moody's Report: MBIA Insurance Corporation
12/2006: Moody's: MBIA Inc.'s Corporate Governance Assessment
08/2006: Moody's Portfolio Risk Model Results for Financial Guarantors
01/2003: Moody's: Financial Guarantor CDO Exposure: An Overview


	Contacts Investor Relations: Greg Diamond Director +1-914-765-3190 Greg Diamond Fixed Income Investor Relations (Europe): Iain Barbour Managing Director +44 20 7920 6348 Iain Barbour Transfer Agent and Dividend Disbursing Agent: Wells Fargo Shareowner Services +1-800-468-9716 www.wellsfargo.com/ shareownerservices

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