Fitch ups Sierra Health debt to BB+

Fitch Ratings said it upgraded its long-term issuer and senior debt ratings on Sierra Health Services, Inc. to BB+ from BB, as well as the insurer financial strength ratings of Sierra Health's core insurance subsidiaries Health Plan of Nevada, Inc. and Sierra Health and Life Insurance Co., Inc. to BBB+ from BBB. The outlook is stable.

Fitch said the rating upgrade is based on Sierra's strong operating trends in the Nevada healthcare market where higher membership, revenue, and margins have resulted from its key competitive advantages built on the company's significant health maintenance organization market share.

In addition, Fitch said Sierra successfully executed a sale of the workers' compensation business, which was an ongoing profitability drag.

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