Bulletin: Genworth Australia?s ?AA-? Ratings Not Affected By Downgrade Of Genworth Mortgage Insurance Co. - S&P Global Ratings’ Credit Research

Bulletin: Genworth Australia?s ?AA-? Ratings Not Affected By Downgrade Of Genworth Mortgage Insurance Co.

Bulletin: Genworth Australia?s ?AA-? Ratings Not Affected By Downgrade Of Genworth Mortgage Insurance Co. - S&P Global Ratings’ Credit Research
Bulletin: Genworth Australia?s ?AA-? Ratings Not Affected By Downgrade Of Genworth Mortgage Insurance Co.
Published Jul 25, 2011
1161 words — Published Jul 25, 2011
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Abstract:

MELBOURNE (Standard&Poor's) July 26, 2011--Standard&Poor's Ratings Services said today that the 'AA-' counterparty credit rating and stable outlook on Genworth Financial Mortgage Insurance Pty Ltd. (Genworth Australia) were unaffected by the July 21, 2011, downgrade of its related company and partial reinsurer, Genworth Mortgage Insurance Corp. (GMIC) to 'BB-/Neg/--' from 'BB+/Neg/--' The ratings on Genworth U.S. life insurance companies were unaffected by these actions. (see Research Update: Genworth Mortgage Insurance Corp. Ratings Lowered to ?BB-? From ?BB+?; Outlook Remains Negative). This view is consistent with the one expressed in our bulletin on Genworth Australia published on Feb. 3, 2011 after the ratings on GMIC were lowered to 'BB+/Neg/--' from 'BBB-/Neg/--' on Feb. 2, 2011 (that is

  
Brief Excerpt:

RESEARCH Bulletin: Genworth AustraliaaÇÖs aÇÿ##-aÇÖ Ratings Not Affected By Downgrade Of Genworth Mortgage Insurance Co. Publication date: 25-Jul-2011 Primary Credit Analyst: Michael Vine, Melbourne (61) 3-9631-2102; michael_vine@standardandpoors.com...

  
Report Type:

Bulletin

Ticker
GNW
Issuer
Genworth Financial Mortgage Insurance Pty Ltd.
GICS
Property & Casualty Insurance (40301040)
Sector
Global Issuers , Structured Finance
Country
Australia
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Genworth Australia?s ?AA-? Ratings Not Affected By Downgrade Of Genworth Mortgage Insurance Co." Jul 25, 2011. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Genworth-Australia-s-AA-Ratings-Not-Affected-By-Downgrade-Of-Genworth-Mortgage-Insurance-Co-880959>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Genworth Australia?s ?AA-? Ratings Not Affected By Downgrade Of Genworth Mortgage Insurance Co. Jul 25, 2011. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Genworth-Australia-s-AA-Ratings-Not-Affected-By-Downgrade-Of-Genworth-Mortgage-Insurance-Co-880959>
  
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