NMI Holdings, Inc. announced on October 7, 2024, that S&P Global Ratings raised its long-term insurer financial strength rating on National Mortgage Insurance Corporation (National MI) to “A-”. Concurrently, S&P also upgraded its issuer credit rating on NMI Holdings, Inc. to “BBB-”.
Both ratings were assigned a stable outlook, reflecting S&P's assessment of the company's consistent financial health. S&P's rationale for the upgrade cited National MI’s strong growth in shareholders’ equity and its broadly balanced and diversified capital structure.
This upgrade signifies a positive external validation of NMIH's financial stability and risk management practices. It can enhance the company's standing in the market and potentially improve its access to capital on more favorable terms.
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