S&P affirms WellPoint

Standard & Poor's said it affirmed its A- counterparty credit rating on WellPoint Inc.

At the same time, the agency said it affirmed its A+ counterparty credit and financial strength ratings on WellPoint's core operating companies.

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

The outlook remains negative.

"The counterparty credit rating on WellPoint and the financial strength ratings on the members of the WellPoint Insurance Group reflect the companies' very strong business profile diversity, strong cash flow generation, stabilizing operating performance, and stronger balance sheet," said S&P credit analyst Joe Marinucci.

"Offsetting factors include WellPoint's exposure to stressed industry fundamentals, relatively aggressive share-repurchase strategy, and greater regulatory scrutiny of pricing."

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