Arch Capital Group Ltd. -- Moody's continues to review United Guaranty Residential Insurance Company for downgrade

New York, August 17, 2016 -- Moody's Investors Service continues to review for downgrade the Baa1 insurance financial strength (IFS) rating of United Guaranty Residential Insurance Company (UGRIC), the main mortgage insurance subsidiary of United Guaranty Corporation (UGC, unrated), which is owned by American International Group, Inc. (AIG, senior debt Baa1, stable). The rating review, initiated on 26 January, will now focus on AIG's 15 August announcement that it has entered into an agreement to sell UGC to Arch Capital Group Ltd. (Arch, senior debt A3, review down) for $3.4 billion.

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