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Insurance

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PMI Rating Rallies from Junk 

Jun 03, 2009By

Mortgage insurer and credit enhancement solution provider PMI Group [stock PMI][/stock] late Tuesday saw its credit rating rebound from triple-C to single-B minus as Standard & Poor’s removed the company from credit watch status to outlook stable. Its wholly owned subsidiary, PMI Mortgage Insurance, retained a double-B minus rating and stable outlook.