Moody’s ups Radian Group

Moody’s Investors Service said it upgraded the senior unsecured debt rating of Radian Group, Inc. to Ba1 from Ba2.

Moody’s said the Ba1 senior debt rating on Radian reflect its strong position in the U.S. mortgage insurance market, its diverse customer base, and recent actions to reduce its adjusted financial leverage, extend its debt maturity profile and increase liquidity at the holding company.

The outlook is stable.

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