NEW YORK (Standard & Poor's CreditWire) April 19, 2001--Standard & Poor's today assigned its double-'A'-minus counterparty credit and financial strength ratings to CMG Mortgage Insurance Co. (CMG). The outlook is stable. CMG is a U.S. domestic residential mortgage insurer that started operations in 1994. It is an ultimate 50-50 joint venture of PMI Mortgage Insurance Co. (PMI; double-'A'-plus counterparty credit and financial strength ratings), a major domestic residential mortgage insurer, and CUNA Mutual Insurance Society (CUNA Mutual; single-'Api' counterparty credit and financial strength ratings). CUNA Mutual provides a broad array of insurance products and services to the credit union system and is owned primarily by credit unions and their members. Major Rating Factors: -- Business position. CMG writes mortgage insurance
