EMERYVILLE, CA (January 19, 2024) |
NMI Holdings, Inc. (Nasdaq: NMIH) today announced that Fitch Ratings has assigned its principal operating subsidiary, National Mortgage Insurance Corporation (National MI), an “A-” insurer financial strength rating and assigned the company’s outstanding senior notes due June 1, 2025 a “BBB+” rating. Both ratings carry a stable outlook.
Fitch’s rationale in support of the ratings includes the strength of National MI’s regulatory capital position, its high-quality insured portfolio, sophisticated use of risk-based pricing strategies and best-in-class credit performance, as well as its broad use of reinsurance solutions and the high-quality profile of its investment portfolio.
“We’re pleased to receive this recognition from Fitch,” said Adam Pollitzer, President and Chief Executive Officer. “National MI leads the private mortgage insurance market with its uniquely high-quality insured portfolio, comprehensive use of risk-transfer solutions, and best-in-class credit performance. We have a robust balance sheet supported by the significant earnings power of our platform, and are well-positioned to continue delivering differentiated value and counterparty support for our customers and other important stakeholders.”