MGIC Investment Corporation Receives Moody's Ratings Upgrades
MGIC Investment Corporation (NYSE: MTG) has received significant ratings upgrades from Moody's Ratings. The company's senior unsecured debt rating was upgraded to Baa2 from Baa3, while its subsidiary Mortgage Guaranty Insurance Corporation's insurance financial strength rating was raised to A2 from A3.
The upgrades were attributed to MTG's consistent performance, good net capital generation, robust profitability, and strong capital adequacy. The outlook for all ratings remains stable. CEO Tim Mattke highlighted the company's market leadership position and disciplined approach as key factors in their success.
MGIC Investment Corporation (NYSE: MTG) ha ricevuto importanti miglioramenti nelle valutazioni da parte di Moody's Ratings. Il rating del debito senior unsecured della società è stato aggiornato a Baa2 da Baa3, mentre il rating della solidità finanziaria assicurativa della sua controllata Mortgage Guaranty Insurance Corporation è stato elevato a A2 da A3.
Gli upgrade sono stati attribuiti alla performance costante di MTG, alla buona generazione di capitale netto, alla robusta redditività e alla solida adeguatezza patrimoniale. Le prospettive per tutti i rating rimangono stabili. Il CEO Tim Mattke ha sottolineato la posizione di leadership di mercato dell'azienda e l'approccio disciplinato come fattori chiave del loro successo.
MGIC Investment Corporation (NYSE: MTG) ha recibido importantes mejoras en sus calificaciones por parte de Moody's Ratings. La calificación de la deuda senior no garantizada de la compañía fue elevada a Baa2 desde Baa3, mientras que la calificación de fortaleza financiera de seguros de su subsidiaria Mortgage Guaranty Insurance Corporation fue incrementada a A2 desde A3.
Las mejoras se atribuyen al desempeño constante de MTG, buena generación de capital neto, sólida rentabilidad y fuerte adecuación de capital. La perspectiva para todas las calificaciones sigue siendo estable. El CEO Tim Mattke destacó la posición de liderazgo en el mercado de la empresa y su enfoque disciplinado como factores clave de su éxito.
MGIC Investment Corporation (NYSE: MTG)는 Moody's Ratings로부터 중요한 신용등급 상향 조정을 받았습니다. 회사의 선순위 무담보 채무 등급이 Baa3에서 Baa2로 상향되었으며, 자회사인 Mortgage Guaranty Insurance Corporation의 보험 재무건전성 등급도 A3에서 A2로 올랐습니다.
이번 등급 상향은 MTG의 꾸준한 실적, 우수한 순자본 창출, 견고한 수익성, 강한 자본 적정성 덕분입니다. 모든 등급의 전망은 안정적입니다. CEO 팀 매트키는 회사의 시장 리더십 위치와 엄격한 경영 방침이 성공의 핵심 요소라고 강조했습니다.
MGIC Investment Corporation (NYSE : MTG) a bénéficié d'importantes améliorations de notation de la part de Moody's Ratings. La note de la dette senior non garantie de la société a été relevée à Baa2 depuis Baa3, tandis que la note de solidité financière en assurance de sa filiale Mortgage Guaranty Insurance Corporation a été augmentée à A2 depuis A3.
Ces améliorations ont été attribuées à la performance constante de MTG, à une bonne génération de capital net, à une rentabilité solide et à une forte adéquation en capital. Les perspectives pour toutes les notes restent stables. Le PDG Tim Mattke a souligné la position de leader sur le marché de l'entreprise et son approche disciplinée comme facteurs clés de leur succès.
MGIC Investment Corporation (NYSE: MTG) hat bedeutende Rating-Aufwertungen von Moody's Ratings erhalten. Das Rating für die unbesicherten vorrangigen Schulden des Unternehmens wurde von Baa3 auf Baa2 angehoben, während das Rating der finanziellen Versicherungskraft der Tochtergesellschaft Mortgage Guaranty Insurance Corporation von A3 auf A2 erhöht wurde.
Die Aufwertungen wurden MTGs konstanten Leistungen, guter Nettokapitalerzeugung, robuster Profitabilität und starker Kapitalausstattung zugeschrieben. Der Ausblick für alle Ratings bleibt stabil. CEO Tim Mattke hob die Marktführerschaft des Unternehmens und den disziplinierten Ansatz als Schlüsselfaktoren für den Erfolg hervor.
- Moody's upgraded senior unsecured debt rating to Baa2 from Baa3
- Subsidiary MGIC's insurance financial strength rating upgraded to A2 from A3
- Company demonstrates consistent performance and robust profitability
- Strong capital generation and capital adequacy metrics
- None.
Moody's rationale for the upgrade included MTG's consistent performance, good net capital generation, and robust profitability and capital adequacy.
"We are pleased to have received these upgrades from Moody's," said Tim Mattke, CEO of MTG and MGIC. "Our performance reflects our position as a market leader and our disciplined, balanced approach to the market. With our solid foundation, financial strength and capital flexibility, we are well-positioned to continue to execute on our business strategies and create long-term value for our stakeholders."
About MGIC
MGIC (www.mgic.com) is the principal subsidiary of MGIC Investment Corporation, serving lenders throughout the
From time-to-time MGIC Investment Corporation releases important information via postings on its corporate website, and via postings on MGIC's website, and it intends to continue to do so in the future. Such postings include corrections of previous disclosures and may be made without any other disclosure. Investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information for MGIC Investment Corporation alerts can be found at https://mtg.mgic.com/shareholder-services/email-alerts.
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SOURCE MGIC Investment Corporation
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