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Stock impact report

AM Best Affirms Credit Ratings of Enact Holdings, Inc. and Operating Subsidiaries [Yahoo! Finance]

Enact Holdings, Inc. (ACT) 
US:NYSE Investor Relations: advisorshares.com/fund/act
Company Research Source: Yahoo! Finance
Credit Ratings (Long-Term ICR) of "a-" (Excellent) of the following operating subsidiaries of Enact Holdings, Inc. (EHI) (Delaware) [Nasdaq: ACT]: Enact Mortgage Insurance Corporation (EMIC) and Enact Mortgage Insurance Corporation of North Carolina (EMIC-NC) (collectively referred to as the Enact US-domiciled companies). Both operating companies are domiciled in Raleigh, N.C. In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of "a-" (Excellent) of Enact Re Ltd. (ERL) (Bermuda). Lastly, AM Best has affirmed the Long-Term ICR of "bbb-" (Good) of EHI. The outlook of these Credit Ratings (ratings) is stable. EMIC is the flagship operating company and is an approved mortgage insurer by Fannie Mae and Freddie Mac, the government sponsored enterprises (GSEs), and is therefore subject to the GSEs' Private Mortgage Insurer Eligibility Requirements (PMIERs). EMIC-NC is an operating company that insures mortgages that are not intended to be sold to the GSEs. ER Show less Read more
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