Enact Receives Ratings Upgrades from Fitch Ratings
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Enact Holdings, Inc. (Nasdaq: ACT) received a ratings upgrade from Fitch Ratings, improving the insurance financial strength rating of its subsidiary, Enact Mortgage Insurance Corporation, from A- to A.
January 21, 2025 | 9:30 pm
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Enact Holdings, Inc. received a positive ratings upgrade from Fitch Ratings, which improved the financial strength rating of its subsidiary, Enact Mortgage Insurance Corporation, from A- to A. This upgrade reflects positively on the company's financial stability and could enhance investor confidence.
The upgrade from Fitch Ratings indicates improved financial strength and stability for Enact Holdings' subsidiary, which is likely to boost investor confidence and potentially lead to a positive impact on the stock price. The upgrade from A- to A is a significant improvement, suggesting better creditworthiness and reduced risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100