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Fitch boosts Enact
Fitch Ratings said it upgraded Enact Holdings Inc.'s senior debt ratings to BBB- from BB+.
“The upgrades reflect improving financial flexibility and debt service capabilities along with strong capitalization, financial performance and risk management. In upgrading the ratings, Fitch expects that in a period of ongoing high economic inflation, rising interest rates and a likely U.S. recession, Enact will be able to remain within rating sensitivities with respect to financial performance and capital,” Fitch said in a press release.
The outlook is stable.
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