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Enact Receives Ratings Upgrades from Fitch Ratings
ACTEnact (ACT) GlobeNewswire·2025-01-21 21:15

Core Viewpoint - Enact Holdings, Inc. has received upgrades in its insurance financial strength rating and senior debt rating from Fitch Ratings, indicating a strong financial performance and robust capital position [1][2]. Company Overview - Enact Holdings, Inc. operates primarily through its subsidiary, Enact Mortgage Insurance Corporation, and is a leading provider of private mortgage insurance in the U.S. since 1981 [3]. - The company aims to assist individuals in achieving homeownership by partnering with lenders to provide top-tier service, underwriting expertise, and risk management [3]. Rating Upgrades - Fitch Ratings upgraded Enact's insurance financial strength rating from A- to A and its senior debt rating from BBB- to BBB, with a stable outlook for both ratings [1][2]. - The upgrades reflect the company's progress in strengthening its financial foundation and effectively managing risk while focusing on strategic priorities [2].