|
|
Article: Fitch Assigns 'AA' Rating to Radian Asset Assurance Ltd.
- Article from:
- Business Wire
- Article date:
- July 28, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK -- Fitch Ratings assigns an 'AA' insurer financial strength (IFS) rating to Radian Asset Assurance Limited (RAAL). RAAL is a wholly owned subsidiary of Radian Asset Assurance Inc. (Radian Asset; IFS rating 'AA' by Fitch, Stable Rating Outlook), a New York-based financial guaranty insurance and reinsurance company. RAAL was established to conduct financial guaranty business in the European marketplace.
RAAL's rating is based on its 100% ownership by Radian Asset, strong support agreements provided by Radian Asset and Radian Group Inc. (Radian Group; senior debt rated 'A' by Fitch, Stable Rating Outlook), a sound proposed business strategy, and effective ...