MGIC Investment's (MTG -2.8%) main insurance unit is cut to B2 from B1 by Moody's following last...

|About: MGIC Investment Corporation (MTG)|By:, SA News Editor

MGIC Investment's (MTG -2.8%) main insurance unit is cut to B2 from B1 by Moody's following last week's report of further deterioration in its capital position. Freddie Mac has threatened to pull the plug on further insurance issuance in several states.