The PMI Group, Inc.

Financial Ratings

Financial ratings are provided by independent rating agencies and are based on PMI's capital strength, operational performance, corporate strategy, and competitive position.

  Standard & Poor's Fitch Moody's DBRS
PMI U.S. A+ A+ Aa2 AA
PMI Australia AA- AA- Aa2 Not Rated
PMI Canada Not Rated Not Rated Not Rated AA
PMI Europe A+ A+ Aa3 Not Rated
PMI Guaranty A+ A+ Aa3 Not Rated
CMG Mortgage Insurance Company AA- AA Not Rated Not Rated

Ratings current as of: June 2008

Rating Categories

Standard & Poor's Fitch Moody's DBRS
AAA=Extremely Strong AAA=Exceptionally Strong Aaa=Exceptional AAA=Highest
AA+=Very Strong AA+=Very Strong Aa1=Excellent AA=Superior
AA=Very Strong AA=Very Strong Aa2=Excellent A=Satisfactory
AA-=Very Strong AA-=Very Strong Aa3=Excellent BBB=Adequate
A+=Strong A+=Strong A1=Good BB=Speculative
A=Strong A=Strong A2=Good B=Highly Speculative
A-=Good A-=Strong A3=Good  

The rating categories in any given rank are not equivalent to one another.

For more information:
Standard & Poor's
Fitch
Moody's
DBRS