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S&P lifts Amerigroup
Standard & Poor's said it raised its long-term counterparty credit rating on Amerigroup Corp. to A- from BB+.
At the same time, the agency said it removed the rating from CreditWatch with positive implications, where it was placed on July 9, 2012. The outlook is stable.
"Our four-notch upgrade of AGP following its acquisition by WellPoint Inc. is based on our designation of AGP as a core entity within WellPoint Inc.," said S&P credit analyst Hema Singh in a news release.
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