Moody's affirms HealthSpring

Moody's Investors Service said it corrected the reason for the withdrawal in its prior release on the affirmation of the debt ratings of HealthSpring, Inc. (senior secured at Ba3; stable outlook) and the Ba1 insurance financial strength ratings of its operating subsidiaries.

The outlook is stable.

Moody's said it withdrew the Ba1 insurer financial strength rating of Texas HealthSpring, LLC as a result of a reorganization, adding that this operating subsidiary was merged into HealthSpring Life & Health Insurance Co., Inc. effective Dec. 31, 2010.

The agency noted that the ratings affirmation reflected the successful integration of Bravo Health, acquired at the end of 2010.

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