S&P downgrades the credit ratings of several U.S. mortgage insurers, saying the outlook...

|By:, SA News Editor

S&P downgrades the credit ratings of several U.S. mortgage insurers, saying the outlook continues to be negative as the economy continues to show weakness in the job and housing markets. The ratings agency cuts Radian Group (RDN -5.1%) and MGIC Investment (MTG -1.1%) both by a notch to B (I, II), five ticks into junk territory.