Home | Business News | Browse by Publication | B | Business Wire

Fitch Affirms Health Insurance Plan of Greater New York; Outlook to Negative.

Publication: Business Wire
Publication Date: 27-APR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
CHICAGO -- Fitch Ratings has affirmed the 'BB+' Issuer Default Rating (IDR) and 'BBB-' Insurer Financial Strength (IFS) rating of Health Insurance Plan of Greater New York (HIP-NY). The Rating Outlook has been revised to Negative from Stable.

The change in the Rating Outlook reflects the earnings deterioration in recent years. In 2007 and 2008, profitability was materially weakened, primarily by the company's Medicaid business. In addition,...

Read the FULL article now - Try Goliath Business News - FREE!   
You can view this article PLUS...

  • Over 5 million business articles
  • Hundreds of the most trusted magazines, newswires, and journals (see list)
  • Premium business information that is timely and relevant
  • Unlimited Access

Now for a Limited Time, try Goliath Business News - Free for 3 Days!
Tell Me More   Terms and Conditions

Get Goliath Business News for 1 year - Just $99 (Save 65%)
Tell Me More   Terms and Conditions

Already a subscriber? Log in to view full article



More articles from Business Wire
Recession Exposes Vulnerabilities in Debt Relief Industry., April 27, 2009
Proskauer Rose Assists New York Yankees in Making New Stadium a "Model..., April 27, 2009
Chief Legal Officers Express Concern Regarding Economic Downturn, Regu..., April 27, 2009
Itron Completes Amendment to Credit Agreement Dated April 18, 2007., April 27, 2009
Research and Markets: Ukraine Insurance Report 2009., April 27, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.