PHILADELPHIA - Radian Group Inc . (NYSE: NYSE:RDN), a provider of mortgage insurance and real estate services, has received an upgrade on its credit ratings from S&P Global Ratings (S&P). The financial strength and issuer credit ratings of Radian Guaranty Inc., Radian's principal mortgage insurance subsidiary, have been elevated to 'A-' from 'BBB+', indicating a positive assessment of the company's financial stability. Concurrently, Radian Group Inc.'s issuer credit rating has been improved to 'BBB-' from 'BB+'. Both ratings carry a stable outlook, reflecting S&P's expectation that Radian will continue its disciplined underwriting approach and generate robust earnings supportive of capital growth.
This announcement comes ahead of Radian's scheduled earnings conference call on Thursday, February 8, 2024, where the company will discuss its performance in a conference call for the fourth quarter and full fiscal year of 2023. The results are set to be released after the market close on February 7, 2024. Interested parties can listen to the live webcast of the conference call on Radian's website, with a digital replay available approximately two hours after the completion of the call.
Radian Group Inc. is known for its commitment to facilitating responsible and sustainable homeownership in America. Its services span a broad spectrum, including mortgage insurance, risk management, and a variety of real estate services, all underpinned by advanced technology and data analytics.
The information for this report is based on a press release statement.
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