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Bulletin: Radian Asset Assurance Inc. Rating Unaffected By Downgrade Of Parent Jan 12
Standard & Poors, Jan 2012
Abstract
NEW YORK (Standard & Poor's) Jan. 30, 2012--Standard & Poor's Ratings Services said today that its financial strength rating on Radian Asset Assurance Inc. (B+/Negative/--) is not affected by the downgrade of Radian Asset's parent, Radian Guaranty Inc. Although Radian Asset provides liquidity support and regulatory capital to the consolidated entity, Radian Asset's current capital adequacy and the lack of explicit support agreements provided to Radian Guaranty support our rating on Radian Asset. Hence, we do not believe any significant flow of funds from Radian Asset to Radian Guaranty is imminent. However, if Radian Asset's capital-management strategy changes, we will reassess the company's statutory capital and liquidity profile necessary to sustain losses generated by its insured portfolio. Our current rating...
Companies mentioned in this report are: Radian Asset Assurance Inc.,Radian Guaranty Inc.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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