MELBOURNE (Standard&Poor's) June 30, 2011—Standard&Poor's Ratings Services today said it assigned its 'A+' rating to Australian-based lenders' mortgage insurer ("LMI") Genworth Financial Mortgage Insurance Pty Ltd.'s (GFMI) issuance of A$140 million, floating rate, unsecured, subordinated notes. The notes will mature in 10 years, on June 30, 2021, and will be non-callable for the first five years to June 30, 2016. GFMI's rationale for releasing the issue is to improve the LMI's financial flexibility, stand-alone financial capability, and profile in the market. Proceeds from the issue will be invested in accordance with GFMI's existing investment mandate--that is, in highly-rated fixed interest securities that maintain the current average portfolio duration of less than three years. Standard&Poor's
