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Article: Fitch Affirms PMI Group & PMI Mortgage Insurance Co.
- Article from:
- Business Wire
- Article date:
- March 2, 2006
CopyrightCOPYRIGHT 2006 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)
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CHICAGO -- Fitch Ratings has affirmed the 'AA+' insurer financial strength (IFS) ratings of PMI Mortgage Insurance Co. (PMI), the primary mortgage insurance subsidiary of The PMI Group, Inc. (TPG). Fitch also affirmed the 'A+' senior debt and long-term issuer ratings of TPG and the 'A' rating assigned to the trust preferred securities of PMI Capital I. The Rating Outlook is Stable for all ratings.
PMI's ratings reflect the company's solid market position in the U.S. mortgage insurance industry, strong excess capital given the current rating, good credit performance of the insured portfolio, and solid financial returns over an extended period of time. The ...