Moody’s: Radian outlook positive

Moody’s Investors Service said it has assigned provisional ratings to Radian Group Inc. under a multi-seniority shelf registration statement that was filed by Radian on May 6.

The agency said it currently rates Radian Group's senior debt at B3 and Radian's principal mortgage insurance operating subsidiaries Ba2 for insurance financial strength.

The outlook is positive.

Moody's said that Radian Group's B3 senior debt rating reflects the improving credit profile of Radian Guaranty, its flagship operating subsidiary, offset by the meaningful debt burden relative to its liquidity and the fact that dividends from Radian Guaranty are unlikely for the foreseeable future, given its still weak regulatory capital position.

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