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Bulletin: Ratings On Genworth Financial Mortgage Insurance Co. Canada Unaffected By Downgrade of Genworth Mortgage Insurance Co. Feb 12 Product Image

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

FEATURED COMPANIES

  • Genworth Holdings Inc.
  • Genworth MI Canada Inc.
  • MORE

Abstract
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.

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.

- Genworth Financial Mortgage Insurance Co. Canada
- Genworth Holdings Inc.
- Genworth MI Canada Inc.

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