S&P drops HealthMarkets outlook to negative

Standard & Poor's said it revised its outlook on HealthMarkets Inc. and its primary operating subsidiaries to negative from stable.

At the same time, S&P said it affirmed its BB counterparty credit rating on HealthMarkets and its various counterparty credit and financial strength ratings on HealthMarkets' subsidiaries.

The negative outlook reflects the potential for longer-term weakness in the company's earnings profile, the agency added, noting that specifically, lower-than-expected earnings in its core Self-Employed Agency Division are the issue.

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