Moody's affirms Medical Card System

Moody's Investors Service said it affirmed Medical Card System, Inc.'s (senior secured debt at B2) credit ratings and changed the outlook to negative from stable.

The change in outlook reflects the possible termination of Medical Card System's Medicaid contracts in Puerto Rico and the uncertainty around the resolution of the dispute over funds owed to the company by the Puerto Rico Heath Administration, the agency said.

The ratings and outlook also consider the potential impact on the company's operations from any adverse publicity, the agency added.

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