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A.M. Best Withdraws Credit Ratings of Allegian Insurance CompanyA.M. Best has withdrawn the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of "bb+", each with a stable outlook of Allegian Insurance Company, d/b/a Allegian Health Plans (AHP) (San Antonio, TX). The ratings withdrawal reflects the fact that there is insufficient information being provided to A.M. Best to support an ongoing credit opinion of the company consistent with A.M. Best's rating criteria. Certain assets of AHP's Medicare Advantage business were assumed by GHS Insurance Company, and certain assets of AHP's commercial business were assumed by Blue Cross Blue Shield of Texas. A.M. Best's policy is for a final rating to be completed along with a rating withdrawal. However, a final rating was not able to be completed due to lack of financial data and other information necessary to support the formation of a current credit rating opinion. This press release relates to Credit Ratings that have been published on A.M. Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings refernced in this release, please see A.M. Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best's Credit Ratings. For information on the proper media use of Best's Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best's Credit Ratings and A.M. Best Rating Action Press Releases. A.M. Best is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com. Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
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