We have reviewed Arch MI under our mortgage insurance criteria. We are raising our financial strength rating on Arch MI to 'A-' from 'BBB+'. The positive outlook reflects Arch MI's potentially increased importance to the overall group. On March 9, 2015, Standard&Poor's Ratings Services raised its financial strength rating on Arch Mortgage Insurance Co. (Arch MI) to 'A-' from 'BBB+'. We also raised the stand-alone credit profile on the company to 'bbb+' from 'bbb'. The outlook is positive. Our rating under our newly issued mortgage insurance criteria reflects our view that Arch MI maintains a satisfactory business risk profile. Arch MI's moderately strong financial risk profile boosts our assessment of the stand-alone rating. Our negative view of the
