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Article: The PMI Group, Inc. Comments on Fitch Revisions to U.S. Mortgage Insurance Capital Model and Ratings Actions.
- Article from:
- PR Newswire
- Article date:
- August 29, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. 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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WALNUT CREEK, Calif., Aug. 29 /PRNewswire-FirstCall/ -- The PMI Group, Inc. announced today that consistent with its revisions of its capital model for U.S. mortgage insurance companies, Fitch Ratings (Fitch) has changed the insurer financial strength ratings for PMI Mortgage Insurance Co. and PMI Guaranty Co. to AA from AA+. Fitch has noted that these changes are the result of revisions Fitch made to its capital model for U.S. mortgage insurance companies. Fitch affirmed ratings for PMI Australia and PMI Europe at AA and for The PMI Group, Inc. at A+. Fitch's Outlook for The PMI Group, Inc. and related subsidiaries' ratings is Stable.
Steve Smith, CEO of ...
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Article: In Brief: PMI in Deal for Australian Mortgage Insurer ...
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...The PMI Group Inc. has announced that it will buy CGU Lenders Mortgage Insurance Ltd., Australia's fourth-largest mortgage insurance company, from British ... Australian subsidiary, PMI Mortgage Insurance Ltd. CGU had $12.3 ...
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