Fitch Withdraws Ratings of Radian

Fitch Ratings is withdrawing its ratings of Radian Group Inc., and its mortgage and financial guaranty subsidiaries. Radian first requested that Fitch take the action on Sept. 5, 2007, but at that time Fitch refused. Radian made its request in response to a downgrade of Radian Asset Assurance. Back in September, Fitch said it would maintain ratings coverage of Radian due to investor interest, but would withdraw them if it believed it no longer had access to adequate public and nonpublic information to credibly maintain the ratings. In its latest statement, Fitch said it believes the information available is no longer adequate to maintain credible ratings under its methodologies for rating mortgage insurers and financial guaranty insurers. Fitch added that it will continue to monitor investor interest in its ratings coverage of Radian and may review its methodologies to explore ways to provide ratings using only publicly available information. Fitch can be found online at http://www.fitchratings.com.