The counterparty credit rating on Radian Group Inc. and the insurer financial strength ratings on Radian Guaranty Inc., Radian Mortgage Insurance Inc., and Amerin Guaranty Corp. (collectively referred to as Radian MI) reflect the extremely challenging macroeconomic conditions the group operates in and Radian MI's historically above-average risk tolerance. These issues have contributed to the group's recently poor operating results and have put pressure on its capitalization. Nominally offsetting these negative factors are the improving long-term fundamentals of the U.S. mortgage insurance industry and Radian MI's conservative, liquid investment portfolio. The short-term prospects for the U.S. mortgage and housing sectors remain very challenging. Most macroeconomic variables that affect mortgage insurers are very unfavorable, though some are not deteriorating as they...
Companies mentioned in this report are: Radian Guaranty Inc.,Amerin Guaranty Corp.,Radian Mortgage Insurance Inc.,Radian Group Inc.
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