S&P ups Universal American outlook to stable

Standard & Poor's said it revised its outlook on Universal American Corp. and its core insurance operating subsidiaries to stable from negative.

At the same time, the agency said it affirmed all of its ratings on the companies.

"The outlook revision reflects Universal American's operating performance through the first three quarters of 2009, which has been in line with its expectations for the current rating, as well as its ultimately successful integration of MemberHealth Inc.," said S&P credit analyst Jon Reichert.

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