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))

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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.