A.M. Best Takes Various Rating Actions on Molina Healthcare, Inc.'s HMO Subsidiaries.OLDWICK, N.J. -- A.M. Best Co. has taken various rating actions on the financial strength ratings (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) and issuer credit ratings (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ) of the health maintenance organization (HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, ) subsidiaries of Molina Healthcare, Inc. (Molina) (Long Beach, CA) [NYSE NYSE See: New York Stock Exchange : MOH See modem on hold. ]. (Please see below for a detailed listing of the companies and ratings.) These ratings are based solely upon public information and present the most informed view A.M. Best can offer, short of an insurer participating in the full interactive rating process. A.M. Best uses the same rating scale and definitions as it does for its long-term financial strength interactive ratings but applies a pd modifier (programming) modifier - An operation that alters the state of an object. Modifiers often have names that begin with "set" and corresponding selector functions whose names begin with "get". to ensure the user is aware of the more limited information basis for the rating. Molina's HMO ratings reflect its various companies' sufficient level of capitalization, favorable underwriting performance and relatively consistent operating results. Offsetting rating factors include a reliance on government sponsored programs, which A.M. Best believes could pose future profitability challenges for the organization should reimbursement rates be cut. The FSR has been upgraded to B (Fair) from B- (Fair) and an ICR of "bb" has been assigned to Molina Healthcare of Washington, Inc., a subsidiary of Molina Healthcare, Inc. The FSR has been upgraded to C++ (Marginal) from C+ (Marginal) and an ICR of "b" has been assigned to Molina Healthcare New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , a subsidiary of Molina Healthcare, Inc. The FSR of C++ (Marginal) has been affirmed and an ICR of "b" has been assigned to Molina Healthcare of Michigan, Inc., a subsidiary of Molina Healthcare, Inc. The FSR of C+ (Marginal) has been affirmed and an ICR of "b-" has been assigned to Molina Healthcare of Utah, Inc., a subsidiary of Molina Healthcare, Inc. The FSR has been downgraded to C+ (Marginal) from C++ (Marginal) and an ICR of "b-" has been assigned to Molina Healthcare of California, Inc., a subsidiary of Molina Healthcare, Inc. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
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