Fitch Affirms Westpac Lenders Mortgage Insurance at 'AA-'/Stable

April 17, 2015 3:06 AM

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(The following statement was released by the rating agency) SYDNEY, April 16 (Fitch) Fitch Ratings has affirmed Australia-based Westpac Lenders Mortgage Insurance Limited's (WLMI) Insurer Financial Strength Rating (IFS) at 'AA-'.

The Outlook is Stable. KEY RATING DRIVERS The IFS rating and Stable Outlook of WLMI is driven by the credit profile of its ultimate parent Westpac Banking Corporation (WBC; IDR AA-/Stable), and reflects Fitch's assessment of its strategic importance to the group. Reliance on the group to support fin...

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