NMI Holdings, Inc. Announces Upgraded S&P Financial Strength Rating to BBB+
11 Janeiro 2024 - 10:00AM
NMI Holdings, Inc. (Nasdaq: NMIH) today announced that S&P
Global Ratings (“S&P”) has raised its long-term insurer
financial strength rating on National Mortgage Insurance
Corporation (National MI) to “BBB+” and its issuer credit rating on
NMI Holdings, Inc. to “BB+.” Both ratings carry a stable outlook.
S&P’s rationale in support of the ratings
upgrade includes a stronger view of the company’s capital adequacy
under S&P’s revised capital adequacy methodology and National
MI’s superior underwriting portfolio quality relative to peers.
S&P also noted National MI’s expanding presence in the mortgage
insurance sector, its disciplined approach to underwriting, and
substantial reinsurance protection as supportive of its rating
profile.
Adam Pollitzer, President and Chief Executive
Officer of National MI, said, “We’re pleased to receive this
upgrade from S&P, reflecting our industry-best insured
portfolio quality and credit performance, consistently strong
financial results, solid balance sheet and comprehensive
reinsurance protection on essentially all of the risk we have ever
written. Our continuing success traces to the talent and dedication
of our best-in-class team and all the work we have done since day
one to build a strong and sustainable business for all of our
stakeholders.”
About NMI Holdings, Inc.NMI
Holdings, Inc. (NASDAQ: NMIH), is the parent company of National
Mortgage Insurance Corporation (National MI), a U.S.-based, private
mortgage insurance company enabling low down payment borrowers to
realize home ownership while protecting lenders and investors
against losses related to a borrower’s default. To learn more,
please visit www.nationalmi.com.
Investor relations contact:John
SwensonVP, Investor Relations &
Treasuryjohn.swenson@nationalmi.com
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