Archives for March, 2017

31 Mar

A.M. Best Downgrades Credit Ratings of Colorado Choice Health Plans; Maintains Under Review Status

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has downgraded the Financial Strength Rating to C++ (Marginal) from B (Fair) and the Long-Term Issuer Credit Ratings to “b+” from “bb+” of Colorado Choice Health Plans (Colorado Choice) (Alamosa, CO). These Credit Ratings (ratings) remain under review with the implication revised to developing from negative. The rating actions reflect a significant deterioration in Colorado Choice’s absolute and risk-adjusted capital at year-end 2016. The company report
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