S&P cuts WellPoint to stable

Standard & Poor's said it revised its outlook on WellPoint Inc. to stable from positive and affirmed its A-/A-2 counterparty credit rating on the company.

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

The agency said it also affirmed the BBB long-term financial strength rating on UNICARE Life & Health Insurance Co., a non-strategic subsidiary of WellPoint.

"Key factors supporting the affirmation and outlook revision include the sustained strength of WellPoint's business profile relative to its peer group and the sector overall," said S&P credit analyst Joe Marinucci in a news release.

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