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FOR IMMEDIATE RELEASE
OLDWICK, N.J. - JUNE 11, 2008 12:00 AM (EDT)
A.M. Best Co. has withdrawn the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of "a-" of AmeriChoice of New York, Inc. (New York, NY), a former subsidiary of UnitedHealth Group Inc. (Minnetonka, MN) [NYSE: UNH].
Recently, AmeriChoice of New York, Inc. was merged into UnitedHealthcare of New York, Inc. (New York, NY). The FSR and ICR of UnitedHealthcare of New York, Inc. are unchanged by this transaction.
For Best's Ratings, an overview of the rating process and rating methodologies, please visit Best's Rating Center.
Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.