OREANDA-NEWS. Fitch Ratings has affirmed Australian-based QBE Lenders' Mortgage Insurance Limited's (QBELMI) Insurer Financial Strength (IFS) Rating at 'AA-'. The Outlook is Stable.

QBELMI's rating is underpinned by a robust standalone credit profile. The company operates under a strong regulatory capital regime that includes high minimum regulatory capital requirements. Fitch believes segregation exists between QBELMI and its ultimate parent QBE Insurance Group Limited (QBE, main subsidiaries' IFS: A+/Stable) due to regulatory ring-fencing, and QBELMI's limited reliance on QBE for financial support.