S&P lifts Radian ratings, rates notes BB-

Standard & Poor’s said it raised its financial strength and long-term issuer credit ratings on Radian Guaranty Inc. and Radian Mortgage Insurance Inc. to BBB- from BB+ and raised its long-term issuer credit rating on Radian Group Inc. to BB- from B+.

At the same time, S&P assigned a BB- issue rating to the approximately $325 million senior notes issued by Radian Group Inc. The outlook is positive.

“The rating action on Radian Group and its subsidiaries is driven by our improved view of the company’s financial flexibility,” said S&P credit analyst Hardeep Manku in a news release.

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