Enact Re, Ltd. Achieves A- Rating from S&P Global Ratings
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Enact Re, Ltd. Receives A- Rating from S&P Global Ratings
RALEIGH, N.C. — Enact Holdings, Inc. (Nasdaq: ACT), a prominent provider of private mortgage insurance via its insurance subsidiaries, recently disclosed that S&P Global Ratings has bestowed an A- rating upon Enact Re, Ltd., a subsidiary of Enact Mortgage Insurance Company (EMICO). The outlook associated with this rating is stable.
Rohit Gupta, Enact’s President and Chief Executive Officer, stated, “We are pleased to have Enact Re Ltd. receive its first credit rating from S&P. This rating is a testament to our continued strong capital position and disciplined execution. Looking ahead, we’re committed to maintaining robust financial health and serving our stakeholders while delivering significant value for our shareholders.”
This rating reflects Enact’s solid foundation and commitment to providing top-quality mortgage insurance services. With a rich legacy of financial strength, Enact has been a key player for lenders and borrowers alike, enhancing the homeownership landscape across the nation.
About Enact Holdings, Inc.
Enact Holdings, Inc. (Nasdaq: ACT), founded in 1981, operates primarily through its wholly-owned subsidiary Enact Mortgage Insurance Corporation. Enact is a leading provider of private mortgage insurance in the U.S., dedicated to assisting more individuals in realizing their dream of homeownership.
Enact builds its partnerships with lenders based on a profound understanding of their operations, providing best-in-class service along with extensive underwriting expertise. Through advanced risk and capital management practices, Enact excels at facilitating the mortgage process, enabling more families to secure homes and remain in them.
By putting the needs of its customers and their borrowers at the forefront, Enact strives to create a positive impact within the communities it serves sustainably. The company is headquartered in Raleigh, North Carolina.
Financial Health and Future Outlook
As Enact continues to expand its market presence, the strong rating by S&P Global serves as an assurance of its ongoing financial health. Stakeholders and investors can feel confident in Enact's strategic direction and commitment to providing quality mortgage insurance products while adhering to high operational standards.
In light of the continually evolving mortgage landscape, Enact is prepared to tackle future challenges and leverage opportunities to further enhance its service offerings. The credit rating serves as a confidence boost not only for the company but also for its partners and customers.
Contact Information
For additional information or inquiries, please contact:
Investor Relations
Enact Holdings, Inc.
Email: investorrelations@enact.com
Phone: (123) 456-7890
Frequently Asked Questions
1. What does the A- rating from S&P Global Ratings signify for Enact Re, Ltd.?
The A- rating reflects Enact Re, Ltd.'s strong capital position and stability, indicating confidence in the company's financial health and future performance.
2. Who is Rohit Gupta?
Rohit Gupta is the President and Chief Executive Officer of Enact Holdings, Inc., overseeing the strategic direction and operational execution of the company.
3. What services does Enact Holdings, Inc. provide?
Enact Holdings, Inc. is primarily engaged in offering private mortgage insurance, enabling more individuals to achieve homeownership and facilitating a smoother mortgage process.
4. How long has Enact Holdings, Inc. been in operation?
Enact Holdings, Inc. has been operational since 1981, providing over four decades of experience in the mortgage insurance industry.
5. Where is Enact Holdings, Inc. headquartered?
Enact Holdings, Inc. is headquartered in Raleigh, North Carolina, positioning it strategically within the U.S. financial landscape.
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