Financial Strength Ratings

COMPANY AGENCY RATING OUTLOOK DATE
National Mortgage Insurance Corporation (Insurance Company) S&P BBB- Stable August 29, 2016
NMI Holdings, Inc. (Holding Company) S&P BB- Stable August 29, 2016
National Mortgage Insurance Corporation (Insurance Company) Moody’s Ba1 Stable March 27, 2017
NMI Holdings, Inc. (Holding Company) Moody’s B1 Stable March 27, 2017