Triad Guaranty Comments on S&P ‘AA’ Rating

June 16, 2004

North Carolina-based mortgage insurer Triad Guaranty Inc. announced that its subsidiary, Triad Guaranty Insurance Corporation, has received affirmation of its ‘AA” counterparty credit and financial strength rating from Standard & Poor’s Ratings Services.

“Triad’s very strong capital adequacy and operating performance, growing market position, focused risk strategy, and strong fundamentals in the U.S. mortgage insurance industry were major factors that contributed to the rating affirmation,” commented Ron Kessinger, Triad’s Executive VP.

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