RDN Radian Group Inc

Radian Asset Assurance Limited Receives AA Rating from Fitch LONDON, July 28 /PRNewswire-FirstCall/ -- Radian Asset Assurance Limited, a financial guaranty insurer and subsidiary of Radian Asset Assurance Inc., announced today that the company has received a AA rating from Fitch Ratings. Last week, the company was assigned a AA rating from Standard & Poor's. These ratings help strengthen Radian Asset Assurance Limited's structured products business in the United Kingdom and European Union. In its report, Fitch Ratings noted that the rating is based on a strong support agreement provided by Radian Asset Assurance Inc., a sound proposed business strategy and effective credit quality underwriting guidelines. Radian's financial guaranty business had $1.2 billion in qualified statutory capital and $2.7 billion in claims-paying resources as of June 30, 2004, and Radian Group reported a market capitalization of $4.5 billion and assets of more than $6.5 billion for the same period. About Radian Group Inc.: Radian Group Inc. is a leading credit enhancement provider to the global financial and capital markets, headquartered in Philadelphia. Radian's subsidiaries provide products and services through three business lines: financial guaranty, mortgage insurance and other financial services. Additional information may be found at http://www.radiangroupinc.com/. About Radian Asset Assurance Limited: Radian Asset Assurance Limited is the UK-based subsidiary of Radian Asset Assurance Inc., a financial guaranty subsidiary of Radian Group Inc. (NYSE:RDN), a global credit enhancement company headquartered in Philadelphia. Radian Asset Assurance Limited, a writer of financial guaranties, structured products insurance and trade credit reinsurance, offers an array of insurance solutions including asset-backed securities, collateralised debt obligations and mortgage-backed securities. All statements in this press release that address operating performance, events or developments that we expect or anticipate may occur with respect to our international operations in the future are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the U.S. Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's current views and assumptions with respect to future events. The forward-looking statements are subject to risks and uncertainties including the following: downgrades of the insurance financial-strength ratings assigned by the major ratings agencies to Radian Asset Assurance Limited, particularly in light of the negative outlook associated with the existing rating; dependence on regulatory and third-party approvals; challenges in attracting and retaining key foreign-based employees, customers and business partners in international markets; economic downturns in targeted foreign markets; interest rate volatility in a variety of countries; the burdens of complying with a wide variety of foreign regulations and laws, which may change unexpectedly; potentially adverse tax consequences; restrictions on the repatriation of earnings; foreign currency exchange rate fluctuations; and the need to develop and market products appropriate to the foreign market. Radian does not intend to and disclaims any duty or obligation to update or revise any forward-looking statements made in this press release to reflect new information or future events or for any other reason. DATASOURCE: Radian Asset Assurance Limited CONTACT: For the media: United Kingdom - Will Spiers, Manning Selvage and Lee, +44 (0) 207 878.3156 or , for Radian; or United States - Emily Riley, Radian, +1-215-231-1328 or ; or For investors: Mona Zeehandelaar, Radian, +1-215-231-1674 or Web site: http://www.radiangroupinc.com/

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