New York — Standard & Poor's Ratings Services placed its ratings on five major U.S. mortgage insurers and their core and dependent foreign subsidiaries on CreditWatch with negative implications. These groups are Old Republic, PMI, MGIC, Radian and Genworth.

Standard & Poor's also placed its ratings on Radian Asset Assurance Inc. on CreditWatch. Standard & Poor's is still evaluating the impact of this CreditWatch on obligations Radian Asset guarantees. The ratings on some securities could be placed on CreditWatch negative, but Standard & Poor's will not lower any of them.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access