S&P upgrades Essent's subsidiary ratings to A- from BBB+ with stable outlook

Essent Group Ltd.

S&P raised ratings on Essent Guaranty and Essent Reinsurance to A- from BBB+, stable outlook.
Upgrade reflects improved capital adequacy under revised S&P methodology and strong underwriting earnings.
CEO Mark Casale says upgrade shows balance sheet strength and benefits of post-GFC risk pricing and reinsurance.
Essent now holds A- or higher financial strength ratings from all rating agencies for both operating subsidiaries.

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