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Rating Outlook For MGIC Shifts.(MGIC Investment Corp.)(Brief Article)
The insurer financial strength rating of Mortgage Guaranty Insurance Corp. has been affirmed at AA- plus by Fitch Ratings, but the outlook for the AA-minus debt ratings of MGIC Investment Corp. has been changed from stable to negative.
Fitch said MGIC's "very strong" insurer financial strength rating reflects "its leadership position in the mortgage insurance marketplace, its consistent profitability and (consequent) capital generation capabilities and its high-quality balance sheet."
However, the ...
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