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Genworth Financial Canada Receives Affirmation of 'AA' Rating From International Rating Agency DBRS
VANCOUVER BC, July 30 - Global rating agency Dominion Bond Rating
Service (DBRS) this week affirmed a Financial Strength rating of AA with a
Stable trend to Genworth Financial Canada (Genworth).
Genworth, Canada's leading private sector mortgage insurance company, is
also currently rated AA by Standard and Poor's.
According to DBRS, the rating reflects Genworth's "strong business
operations and strategy, which are focused on product innovation and superior
customer service, both of which are enhanced by the Company's best-in-class
technology platform and electronic customer interface."
"We are pleased that DBRS has affirmed our AA rating," said Genworth
President Peter Vukanovich. "The rating is an important component of our value
proposition to lenders, investors and borrowers."
Other factors cited by DBRS as contributing to the AA rating are "strong
capitalization, experienced management, prudent underwriting disciplines and a
strong risk management culture."
About Genworth Financial Canada
Genworth Financial Canada, The Homeownership Company, works with lenders,
mortgage brokers, real estate agents and builders to make homeownership more
affordable and accessible throughout Canada. The company combines global
experience in mortgage insurance with technological and service leadership to
deliver innovation to the mortgage marketplace. Additional information about
Genworth Financial Canada is available at www.genworth.ca.
MyMortgageBC note: MyMortgageBC.com is a mortgage broker located in the South Surrey White Rock area of the lower mainland. Do not hesitate to contact us if you have any questions regarding mortgages, rates or Genworth mortgage insurance |
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