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Article: Fitch Takes Various Actions on Q-IFS Ratings of 194 U.S. Health Insurers.
- Article from:
- Business Wire
- Article date:
- July 31, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO -- Fitch Ratings today has updated its Quantitative Insurer Financial Strength (Q-IFS) ratings for 194 U.S. health companies. At the same time, Fitch has assigned new Q-IFS ratings to 30 U.S. health insurers.
Of the 194 updated ratings, there are 30 upgrades, 23 downgrades, and 111 affirmations.
Q-IFS ratings are generated solely on a statistical model utilizing the five most recent years of statutory financial statement information. The model incorporates 'rating logic' that mirrors many aspects of the quantitative analysis that is used to assign traditional IFS ratings. While recognizing the limitations associated with using a strict ...