S&P affirms WellPoint

Standard & Poor's said it affirmed its A- counterparty credit rating on WellPoint Inc. and also affirmed its A+ counterparty credit and financial strength ratings on WellPoint's core operating companies.

In addition, S&P affirmed its A counterparty credit and financial strength ratings on Unicare Life & Health Insurance Co., a strategically important operating company.

The outlook on all of these companies remains negative.

S&P said WellPoint's business and financial profile is strong compared with those of its peers, and the company is reasonably well-positioned to sustain its credit profile amid the economic challenges, underwriting cycle pressures, and intensified competition of the current challenging market.

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