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CareMore Holdings Inc. Ratings Raised To 'B+'; Outlook Is Stable Apr 11
Standard & Poors, April 2011
Abstract
California-based managed Medicare company CareMore Holdings has improved its business and overall earnings profiles, and it exceeded all of our expectations for 2010. As a result, we are raising our ratings on CareMore to 'B+' from 'B'. The outlook is stable, reflecting our expectation that CareMore will sustain its overall business and operating performance strengths, as well as our view that the company is well positioned to continue to execute its growth strategies. NEW YORK (Standard & Poor's) April 15, 2011--Standard & Poor's Ratings Services today said it raised its counterparty credit and senior secured debt ratings on CareMore Holdings Inc. to 'B+' from 'B'. The outlook is stable. 'In our view, CareMore is executing on its organic and geographic...
Companies mentioned in this report are: CareMore Holdings Inc.
Action: Upgraded
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.
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