Article: DCR Raises CMG Mortgage Insurance Company's Claims Paying Ability Rating to 'AA'.

NEW YORK, Sept. 30 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has upgraded the claims paying ability rating for CMG Mortgage Insurance Company (CMG) to 'AA' (Double-A) from 'AA-' (Double-A-Minus). CMG is a 50-50 joint venture between CUNA Mutual Investment Corporation (CMIC) and PMI Mortgage Insurance Co. (PMI). Organized in 1994, CMG provides mortgage insurance exclusively for the credit union market. DCR's rating action is prompted by the continuing strong support from CMG's owners, its favorable prospects as the only mortgage insurer dedicated to the credit union market, the high quality of its insured portfolio, the adequacy of its capital for covering ...

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