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Bulletin: Ratings On Carle Foundation, IL Unaffected By Illinois State Decision Not To Renew Some Contracts With Health Alliance
Standard & Poors, April 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
NEW YORK (Standard & Poor's) April 29, 2011--Standard & Poor's Ratings Services today said that its rating and outlook on Carle Foundation, Ill. (A+/Stable) are unaffected by the recent disclosure that the State of Illinois does not plan to renew certain managed-care contracts with Health Alliance, a Carle subsidiary. While Standard & Poor's views this development as a credit risk over time, the rating agency lowered its rating on Carle to 'A+' from 'AA-' on April 4, 2011, in part, due to the state's delay of managed-care payments to Health Alliance. In the full analysis published April 6, 2011, on RatingsDirect on the Global Credit Portal, Standard & Poor's described the relationship as one that could emerge as a 'disruptive...
Companies mentioned in this report are: Carle Foundn
Action: Bulletin
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