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Chuck Greener, the company's top spokesman, said the decision "will have a negative impact on our minimum capital position" but declined to quantify it.
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Earlier this year, Moody's said MBIA's capital position was above its minimum triple-A standard but short of a target of $2.8 billion, which MBIA said it would be able to meet in the course of the year.
Until the firm finally failed in July 1996, Baron's capital position several times fell below the minimum required by regulators.
Ambac's excess capital position, the amount of capital in excess of the minimum required to maintain its "AAA" rating, remains considerable, though down from the end of 2006, resulting from Moody's downgrades of certain exposures related to subprime residential mortgage-backed securities.
There are no minimum capital requirements.
How high are minimum capital requirements under Basel III?
"Banks are challenged to build up their capital position.
He kept the bank's capital position strong.
The results were then evaluated against strict minimum capital standards, in terms of both overall capital and tangible common equity.
JPMorgan, Goldman Sachs and Morgan Stanley each had to adjust their capital plans to meet the Fed's minimum capital requirements.
The bank said its capital position had improved.
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