Moody’s upgrades Radian

Moody's Investors Service said it upgraded the debt ratings of Radian Group Inc., including its senior unsecured rating to Ba2 from Ba3.

The outlook is stable.

“The upgrade of Radian's ratings reflects the company's improving financial profile, including the firm's progress in reducing its financial leverage and improving its debt maturity profile over the past several quarters,” the agency said in a news release.

“We expect the firm to continue to improve its financial leverage metrics over the next year through organic capital generation in an operating environment that remains favorable for mortgage credit.”

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