Business
Sagen MI Canada Inc. Receives New Credit Rating Upgrade, S&P Global Ratings Raised The Company's Rating To 'A-' from 'BBB+' On Low Structural Subordination
Sagen MI Canada Inc. (the "Company") (TSX: MIC.PR.A) is pleased to share that S&P Global Ratings (the "S&P") has upgraded the Company's credit rating to A- from BBB+, reflecting the S&P's view that potential regulatory restrictions on payments from its operating company are low. S&P further emphasizes its stable outlook on the Company and its expectation that the Company will maintain its strong competitive position, with a sizable market share, and excellent capitalization supported by solid op
About this update from S&p Global Inc.
[{"type":"text","content":"TORONTO, March 2, 2026 /CNW/ - Sagen MI Canada Inc. (the "Company") (TSX: MIC.PR.A) is pleased to share that S&P Global Ratings (the "S&P") has upgraded the Company's credit rating to A- from BBB+, reflecting the S&P's view that potential regulatory restrictions on payments from its operating company are low. S&P further emphasizes its stable outlook on the Company and its expectation that the Company will maintain its strong competitive position, with a sizable market share, and excellent capitalization supported by solid operating earnings.","length":592,"tagName":"p"},{"type":"text","content":"Consequently, S&P raised its issue ratings on the Company's outstanding senior debt, junior subordinated debt, and preference shares issued by the Company as noted in the table below:","length":191,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:RIGHT;","val":[{"type":"text","content":"","length":0,"tagName":"p","attribs":{}}]},{"colspan":"3","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":"Debentures","length":10,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":"Hybrid Notes Series 6","length":22,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":"Preferred Shares","length":16,"tagName":"p","attribs":{}}]}]},{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;TEXT-ALIGN:RIGHT;","val":[{"type":"text","content":"","length":0,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":"Series 4","length":8,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-ALIGN:BOTTOM;","val":[{"type":"text","content":"Series 5","length":8,"tagName":"p","attribs":{}}]},{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;VERTICAL-...