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Published on 8/5/2009 in the Prospect News Investment Grade Daily.

S&P cuts Group Health

Standard & Poor's said it lowered the counterparty credit and senior secured debt ratings on Group Health Cooperative to BBB+ from A-.

The outlook is negative.

"The rating action is based on GHC's downward revision to its 2009 earnings forecast," S&P analyst Neal Freedman said in a statement.


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