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A.M. Best Withdraws Ratings of AmeriChoice of New York, Inc. Following Affiliate Merger.


OLDWICK, N.J. -- A.M. Best Co. has withdrawn the financial strength rating (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current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. ) of A- (Excellent) and issuer credit rating (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 "a-" of AmeriChoice of New York, Inc. (New York, NY), a former subsidiary of UnitedHealth Group Inc. (Minnetonka, MN) (NYSE NYSE

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Recently, AmeriChoice of New York, Inc. was merged into UnitedHealthcare of New York, Inc. (New York, NY). The FSR and ICR of UnitedHealthcare of New York, Inc. are unchanged by this transaction.

For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.
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Publication:Business Wire
Date:Jun 11, 2008
Words:135
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