MGIC Investment Corporation Receives Moody's Upgrade to Baa2 for Senior Unsecured Debt and A2 for Insurance Financial Strength
Reuters
Aug 08
MGIC Investment Corporation Receives Moody's Upgrade to Baa2 for Senior Unsecured Debt and A2 for Insurance Financial Strength
MGIC Investment Corporation has received a credit rating upgrade from Moody's. The senior unsecured debt rating has been raised to Baa2 from Baa3, while the insurance financial strength rating for its principal subsidiary, Mortgage Guaranty Insurance Corporation, has improved to A2 from A3. The outlook remains stable, with Moody's citing MGIC's consistent performance, robust profitability, and strong capital adequacy as reasons for the upgrade.
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