|[December 18, 2013]
Fitch Publishes Updated Sector Credit Factors Report for U.S. Health Insurers
CHICAGO --(Business Wire)--
Fitch Ratings has published an updated sector-specific special report
describing the credit factors the agency uses to analyze U.S. health
The report titled 'Health Insurance and Managed Care (U.S.) Sector
Credit Factors,' replaces a previous version published Jan. 29, 2013.
Changes from the previous report focus on the role the U.S. Government
plays in the sector and how it effectively caps ratings at the 'AA'
rating category, a reduction in the potential and probable rating ranges
derived from the industry profile and operating environment of the
Medicare and Medicaid markets, and reductions in size and scale rating
category guidelines. The changes do not affect the ratings levels of
Fitch-rated U.S. health insurance and managed care companies.
The updated 'Health Insurance and Managed Care (U.S.) Sector Credit
Factors,' special report supplements Fitch's master criteria 'Insurance
Rating Methodology'. Both reports are available at 'www.fitchratings.com'
or by clicking on the links below.
Additional information is available at 'www.fitchratings.com'.
Applicable Criteria and Related Research:
--'Insurance Rating Methodology' (Nov. 13, 2013).
Applicable Criteria and Related Research: Health Insurance and Managed
Insurance Rating Methodology -- Amended
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND
DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING
THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS.
AVAILABLE ON (News - Alert) THE AGENCY'S PUBLIC WEBSITE '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 ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF
THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE
RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR
RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY
CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH
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