Moody’s Investors Service Upgrades NMI Holdings, Inc. and National Mortgage Insurance Corporation
Moody’s indicated that the upgraded ratings reflect the continued progress made by the company in scaling its U.S. mortgage insurance platform and improving its business and financial profile, and noted additional strength related to the company’s high quality insured portfolio, lack of legacy MI exposure and comprehensive reinsurance program.
National MI has been insuring mortgage loans since 2013 and is the fastest-growing U.S. mortgage insurance provider as measured by rate of growth in insurance-in-force. As of
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This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act”), and the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements about future, not past, events and involve certain important risks and uncertainties, any of which could cause our actual results to differ materially from those expressed in our forward-looking statements. Forward-looking statements in this press release include, without limitation, statements regarding National MI's positioning for future performance. Any or all of our forward–looking statements in this press release may turn out to be inaccurate. More information about the risks, uncertainties and assumptions affecting National MI can be found in the risk factors and forward-looking statements cautionary language contained in our Annual Report on Form 10-K and in other filings made with the
Vice President, Investor Relations and Treasury
Source: NMI Holdings Inc