Mortgage Guaranty Insurance Corp. (MGIC) also suffered a downgrade to Ba2 from A1 on the heels of a drop in new business volume as the company conserves capital, according to Moody's. The agency also predicted that "without additional capital injections in the near term, it is possible that [MGIC] could breach maximum statutory risk to capital guidelines over the next twelve to eighteen months, which may impact the company's ability to write new business in the absence of regulatory forbearance," analysts said in the press statement. Genworth Mortgage Insurance Corp. 's downgrade to Baa2 from Aa3 also came Friday after parent company Genworth Financial Inc. (GNW) reported in early February total company loss of $321 million — or 74 cents per share — in the fourth quarter.