Fitch Withdraws Rating on Vantage Health Plan Inc. (Ohio).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. has withdrawn the 'Bq' quantitative insurer financial strength rating on Vantage Health Plan Inc. of Ohio. Vantage Health Plan has voluntarily relinquished their license and has terminated their contracts, effective Sept. 7, 2004. Fitch's quantitative insurer financial strength ratings (Q-IFS ratings) are generated solely based on quantitative analysis Quantitative Analysis A security analysis that uses financial information derived from company annual reports and income statements to evaluate an investment decision. Notes: of publicly available financial statement data filed by the 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, on a quarterly basis with its state regulator. Although the model's general assumptions are reviewed by Fitch's rating committee, the Q-IFS ratings generated by the model on individual HMOs are not reviewed by the rating committee. For more information on Fitch's Q-IFS ratings, visit the Fitch web site www.fitchratings.com. A special report 'HMO Quantitative Insurer Financial Strength Ratings' is available in the Criteria Reports section on the Sector marked 'Insurance.' The following 'Bq' rating is withdrawn by Fitch: --Vantage Health Plan Inc. (OH), NAIC NAIC See National Association of Investors Corporation (NAIC). code 95671. Fitch's rating definitions are available on the agency's public web site, www.fitchratings.com. Published ratings, criteria and methodologies, and 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 this site, at all times. This document will remain on the public site for seven days. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion