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A.M. Best Company
A.M. Best Revises Rating Outlook of Health Net, Inc. and Its Subsidiaries to Negative
June 6th, 2008
A.M. Best Co. has revised the rating outlook to negative from stable and has affirmed the financial strength ratings (FSR), issuer credit ratings (ICR) and debt ratings of Health Net, Inc. (Health Net) (Woodland Hills, CA) (NYSE: HNT) and its subsidiaries. The revised outlook reflects a declining risk-based capitalization (RBC) percentage trend owing to weakening health insurance earnings. A.M. Best recognizes that Health Net management forecasts improved medium term operating performance, driven partially by recently announced strategy related investments. However, Health Net remains subject to execution risk, as well as litigation risk. ...
Source: Health Business Week (2008-06-06)
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