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Moody’s downgrades Australia’s mortgage linchpin

September 14, 2017 - 00:14 -- Admin

Via Moody’s: Moody’s Investors Service has downgraded to Baa1 from A3 the insurance financial strength rating (IFSR) of Genworth Financial Mortgage Insurance Pty Limited (Genworth Australia). Today’s rating action on Genworth Australia concludes the review initiated on 19 June 2017, which was part of a wider rating action on Australian financial institutions to reflect Moody’s

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