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Moody’s warns on ratings of mortgage insurers

SAN FRANCISCO (MarketWatch) — Moody’s Investors Service said late Thursday that it may downgrade ratings of mortgage insurers including PMI Group because the real estate slowdown could trigger more claims, cutting into capital. Moody’s put the Aa2 ratings of PMI on review for a possible downgrade. The agency did the same on the Aa3 ratings of Triad Guaranty. Genworth’s Aa2 ratings were affirmed, but with a negative outlook. The ratings of Radian Group and MGIC Investment remain on review for possible downgrades, Moody’s also said.
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Original post by Forextvblog

This entry was posted on Thursday, January 31st, 2008 at 7:04 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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