PMI announces rating affirmation of European subsidiary.

0 Comments | M2 Presswire, May, 2002

M2 PRESSWIRE-28 May 2002-PMI: PMI announces rating affirmation of European subsidiary (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:05282002 London -- The PMI Group, Inc. (NYSE:PMI) announced today that Fitch Ratings has affirmed the insurer financial strength rating on PMI Mortgage Insurance Limited (PMI Europe) at "AA".

"We are extremely pleased with the Fitch ratings affirmation, and the strong start PMI Europe has made in its first year of operation," said Claude Seaman, PMI's President International and Strategic Investments. "PMI Europe is a strategically important part of our future growth strategy and we are very pleased with the excellent work of our PMI Europe team led by Tony Porter, Executive Managing Director." The rating reflects the...

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