Fitch Takes Various Actions on 8 Health Insurers.CHICAGO -- Fitch Ratings Fitch Ratings
An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. today has updated its Quantitative Insurer Financial Strength (Q-IFS) ratings for 8 health insurers.
Fitch is affirming the ratings of UCare Minnesota, DC Chartered Health Plan Inc, and Texas Children's Health Children's Health Definition
Children's health encompasses the physical, mental, emotional, and social well-being of children from infancy through adolescence. Plan. Fitch is also upgrading the rating of Lovelace Sandia Health Systems.
At the same time, Fitch has also withdrawn the ratings for four companies that no longer meet Fitch's criteria to be eligible to receive a Q-IFS rating.
For more information on Fitch's Q-IFS ratings, visit the Fitch Ratings web site www.fitchratings.com. A copy of the criteria report, 'The Updated U.S. Health Insurer Quantitative Insurer Financial Strength Ratings Methodology,' dated Aug. 10, 2006, is available under 'Insurance' and 'Criteria Reports'.
Fitch has affirmed af·firm
v. af·firmed, af·firm·ing, af·firms
1. To declare positively or firmly; maintain to be true.
2. To support or uphold the validity of; confirm.
v.intr. the following Q-IFS ratings:
UCare Minnesota (NAIC NAIC
See National Association of Investors Corporation (NAIC). Code 52629)
-- Q-IFS 'Aq'
DC Chartered Health Plan Inc (NAIC Code 95748)
-- Q-IFS 'BBq'
Texas Children's Health Plan (NAIC Code 95329)
-- Q-IFS 'BBBq'
Fitch has upgraded the following Q-IFS rating:
Lovelace Sandia Health Systems, Inc (NAIC Code 95808)
-- Q-IFS 'BBq' from 'Bq'
Fitch has withdrawn the following Q-IFS ratings:
Molina Healthcare of Indiana Inc. (NAIC Code 12249)
-- Q-IFS 'Bq'
MDNY Healthcare Inc (NAIC Code 95476)
-- Q-IFS 'CCCq'
Physicians Health Plan of Southwest Michigan (NAIC Code 52569)
-- Q-IFS 'BBq'
Wellcare of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Inc (NAIC Code 95534)
-- Q-IFS 'BBq'
In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. The issuer did not participate in the rating process other than through the medium of its public disclosure.