Business Services Industry
A.M. Best Withdraws Ratings of AmeriChoice of New York, Inc. Following Affiliate Merger
Business Wire, June 11, 2008
OLDWICK, N.J. -- A.M. Best Co. has withdrawn the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of "a-" of AmeriChoice of New York, Inc. (New York, NY), a former subsidiary of UnitedHealth Group Inc. (Minnetonka, MN) (NYSE: UNH).
Recently, AmeriChoice of New York, Inc. was merged into UnitedHealthcare of New York, Inc. (New York, NY). The FSR and ICR of UnitedHealthcare of New York, Inc. are unchanged by this transaction.
For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.
> Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.Most Recent Business Articles
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