S&P upgrades Highmark

S&P said it raised its long-term issuer credit rating on Highmark Inc. to A from A-.

The outlook is stable.

The agency said it views Highmark as a core subsidiary of the Highmark enterprise, therefore, the ratings are based on the group credit profile.

“Highmark has meaningfully improved its operating performance and continues to execute successfully on its growth, affordability and profitability initiatives,” S&P said in a news release.

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