Am best upgrades credit ratings of operating subsidiaries of mgic investment corporation

Oldwick, n.j.--(business wire)--am best has upgraded the financial strength rating to a (excellent) from a- (excellent) and the long-term issuer credit rating to “a” (excellent) from “a-” (excellent) of the operating subsidiaries of mgic investment corporation [nyse: mtg]. the operating subsidiaries are mortgage guaranty insurance corporation, mgic indemnity corporation, and mgic assurance corporation (collectively referred to as mgic). all companies are domiciled in milwaukee, wi. in addition,.
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