Moody's: Radian Group view positive

Moody's Investors Service said it affirmed the Ba3 insurance financial strength rating of Radian Guaranty Inc. and Amerin Guaranty Corp., the B1 insurer financial strength rating of Radian Insurance Inc. and the Caa1 senior debt rating of the holding company, Radian Group Inc. The agency also said it affirmed the Ba1 insurer financial strength rating of Radian Asset Assurance Inc. and its subsidiary, Radian Asset Assurance Ltd.

The outlook was changed to positive from negative.

The outlook change was prompted by Radian Group's announced public offering and pricing of about $550 million of common stock, Moody's said.

The proceeds will improve the holding company's liquidity and enhance Radian's capital and business prospects, Moody's said.

The positive outlook on the mortgage insurance operations reflects Radian's improved business prospects in an attractive new production market as a result of the recapitalization, the agency said.

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