Standard & Poor’s last week downgraded bond insurer Radian Asset Assurance to 'BBB-' from 'BBB+' in a move related to downgrades of parent Radian Guaranty and all other major U.S. mortgage insurers. The rating remains on negative watch.

S&P attributed the downgrades of the mortgage insurers to an increase in its loss cost assumptions due to an increase in its assumptions for peak unemployment and the sharp rise in delinquent loans.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.