...- Genworth Financial Inc.'s (GNW) sale of its Australian mortgage insurance business provides the company with some headroom to execute on its plan to address near-term debt obligations despite having made partial payment to AXA S.A. under the settlement agreement. - The company likely has sufficient funds to address its upcoming September debt maturity and the next financial obligation is not due until the second half of 2022. - GNW has indicated a U.S. mortgage insurance partial sale through an initial public offering (IPO) as one of the options under its strategic action plan, which could address liquidity pressure and help reduce leverage, although timelines are still uncertain. - S&P Global Ratings has removed its ratings on GNW and its subsidiaries from CreditWatch with negative implications, where they were placed on May 15, 2020. At the same time, it affirmed its 'B-' issuer credit rating on GNW and Genworth Holdings Inc., and its '##+' financial strength and issuer credit ratings...
