We are assigning our 'A-' long-term counterparty credit rating to Genworth MI Canada Inc. The rating reflects the company's reliance on its regulated operating subsidiary, Genworth Financial Mortgage Insurance Co. Canada (Genworth Canada; AA-/Positive/--), to service its obligations. The positive outlook reflects the positive outlook on Genworth Canada. TORONTO (Standard&Poor's) June 14, 2010--Standard&Poor's Ratings Services today said it assigned its 'A-' long-term counterparty credit rating to Genworth MI Canada Inc. (GMIC). The outlook is positive. Standard&Poor's also assigned a preliminary 'A-' senior unsecured debt, 'BBB+' subordinated debt, and 'P-2'/'BBB' Canada and global scale, respectively, preferred stock ratings to GMIC's C$1.5 billion shelf filed May 7, 2010. The rating on GMIC is a function of
