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Article: S&P Affirms Health Partners of Philadelphia 'BBpi' FSR.
- Article from:
- PR Newswire
- Article date:
- October 25, 2001
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Copyright informationCOPYRIGHT 2001 PR Newswire Association, Inc. 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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NEW YORK, Oct. 25 /PRNewswire/ --
Standard & Poor's today affirmed its double-'Bpi' financial strength rating on Health Partners of Philadelphia Inc. (HPP).
The rating reflects the HMO's marginal risk-based capitalization and earnings, offset by very strong liquidity.
HPP, headquartered in Philadelphia, PA, is a non-stock, not-for-profit corporation licensed and operating within the state of Pennsylvania.
Major Rating Factors:
-- HPP's risk-based capitalization is considered marginal, as reflected
by a Standard & Poor's capital adequacy ratio of 84.2 at year-end