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A.M. Best Company
A.M. Best Downgrades Ratings of Health Net, Inc. and Its Subsidiaries
December 13th, 2008
A.M. Best Co. has downgraded the financial strength ratings (FSR) to B+ (Good) from B++ (Good) and issuer credit ratings (ICR) to "bbb-" from "bbb+" of Health Net of California, Inc. and Health Net Life Insurance Company. Concurrently, A.M. Best has downgraded the FSR to B+ (Good) from B++ (Good) and ICRs to "bbb-" from "bbb" of Health Net Health Plan of Oregon, Inc. and Health Net of Arizona, Inc. A.M. Best also has downgraded the ICR and debt rating to "bb-" from "bb+" of the parent company, Health Net, Inc. (Health Net) (headquartered in Woodland Hills, CA) (NYSE: HNT). The outlook for all the above ratings has been revised to stable from negative, except for the...
Source: Law & Health Weekly (2008-12-13)
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