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S&P revises HealthNow to stable
S&P said it revised its outlook on HealthNow New York Inc. to stable from negative and affirmed its BBB financial strength rating.
"The stable outlook on HealthNow reflects the company's improved operating performance in 2015, resulting in positive retained earnings and improvement in capital adequacy," S&P credit analyst Deep Banerjee said in a news release.
The agency believes pretax return on revenue (ROR) will remain in the negative 1% to 1% range over the next 12 to 24 months.
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