Sagen MI Canada Inc., through its subsidiary, Genworth Financial Mortgage Insurance Company Canada (now operating as SagenTM), has been a leading Canadian private residential mortgage insurer since 1995.
The issuer ratings of Sagen MI Canada Inc. and financial strength ratings of Genworth Financial Mortgage Insurance Company Canada reflect each rating agency’s opinion regarding the financial strength, operating performance, ability to meet obligations and other considerations with respect to the respective companies.
|
S&P |
DBRS |
| Issuer Rating |
| Sagen MI Canada Inc. |
BBB+
Negative |
A (high)
Negative |
| Financial Strength |
| Genworth Financial Mortgage Insurance Company Canada
|
A+
Negative |
AA
Negative |
| Senior Unsecured Debentures |
| Sagen MI Canada Inc. |
BBB+
Negative |
A (high)
Negative |
| 4.95% Fixed-to-Fixed Rate Subordinated Notes Series 2021-1 due March 24, 2081 |
| Sagen MI Canada Inc. |
BBB-
Negative |
A (low)
Negative |
| 5.4% Fixed-Rate Non-Cumulative Series 1 Class A Preferred Shares |
| Sagen MI Canada Inc. |
P-2 (low)
Negative |
Pfd-2 (high)
Negative |