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S&P raises HealthSpring to BB-
Standard & Poor's said it raised its long-term counterparty credit rating on HealthSpring Inc. by one notch to BB- from B+.
The outlook is stable.
"The upgrade reflects our view that HealthSpring's credit profile has steadily strengthened as a result of strong business growth driven by organic growth and acquisitions, earnings that have consistently met or exceeded our expectations, and credit metrics that have improved as a result of debt repayment," said S&P credit analyst James Sung in a news release.
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