Sagen MI Canada Inc., through its wholly owned subsidiary, Sagen Financial Mortgage Insurance Company Canada, is the largest private sector residential mortgage insurer since 1995.
The issuer ratings of Sagen MI Canada Inc. and financial strength ratings of Sagen MI Canada Inc. 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+
Stable |
A (high)
Stable |
| Financial Strength |
| Sagen MI Canada Inc.
|
A+
Stable |
AA
Stable |
| Senior Unsecured Debentures |
| Sagen MI Canada Inc. |
BBB+
Stable |
A (high)
Stable |
| 4.95% Fixed-to-Fixed Rate Subordinated Notes Series 2021-1 due March 24, 2081 |
| Sagen MI Canada Inc. |
BBB-
Stable |
A (low)
Stable |
| 5.4% Fixed-Rate Non-Cumulative Series 1 Class A Preferred Shares |
| Sagen MI Canada Inc. |
P-2 (low)
Stable |
Pfd-2 (high)
Stable |