Bulletin: Ratings On Genworth Financial Mortgage Insurance Co. Canada Unaffected By Downgrade of Genworth Mortgage Insurance Co. Feb 12
- ID: 2047763
- February 2012
- Region: Canada
- Standard & Poors
TORONTO (Standard & Poor's) Feb. 2, 2012--Standard & Poor's Ratings Services said today that its 'AA-' financial strength rating and 'A-' issuer credit rating on Genworth Financial Mortgage Insurance Co. Canada and Genworth MI Canada Inc., respectively (herein collectively referred to as Genworth Canada), and the positive outlook on these ratings are unaffected by the Jan. 30, 2012, downgrade of their related company, Genworth Mortgage Insurance Corp. (GMICO) to B/Negative/-- from BB-/Negative/--. The ratings on the Genworth U.S. life insurance companies were also unaffected by these actions (see " Genworth Mortgage Insurance Corp. Rating Lowered To -B- From -BB--; Outlook Negative", published Jan. 30, 2012, on RatingsDirect on the Global Credit Portal). Standard & Poor's lowered the ratings on GMICO...
Companies mentioned in this report are:
- Genworth Financial Mortgage Insurance Co. Canada
- Genworth Holdings Inc.
- Genworth MI Canada Inc.
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