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Moody's continues Amerigroup review
Moody's Investors Service said it is maintaining the review for upgrade of the Ba2 senior debt rating and Ba2 corporate family rating of Amerigroup Corp., pending regulatory approval of its merger with WellPoint, Inc.
The Baa2 insurance financial strength ratings of Amerigroup's operating subsidiaries also remain under review for upgrade.
On July 9, WellPoint announced it would acquire Amerigroup in a deal valued at $4.9 billion. The transaction, subject to regulatory approval, is expected to close in the fourth quarter of 2012.
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