Rating Agency Reports

Radian Group Inc.

Rated Ba1 (Moody's Investors Service) and BBB (Standard & Poor's)

Radian Asset Assurance Inc.

Rated A3 (Moody's Investors Service) and A (Standard & Poor's)

Radian Asset Assurance Limited

Rated A3 (Moody's Investors Service) and A (Standard & Poor's)

Radian Guaranty Inc.

Rated A2 (Moody's) and A (Standard & Poor's)

Radian Insurance Inc.

Rated Baa1 (Moody's) and BBB (Standard & Poor's)