CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded Health Insurance Plan of Greater New York's (HIP) Insurer Financial Strength rating to 'BB+' from 'BBB-'. The Rating Outlook is Stable. Concurrent with today's rating action, Fitch has withdrawn the rating for commercial reasons. KEY RATING DRIVERS The rating downgrade primarily reflects HIP's and its subsidiary's Group Health Inc.'s (GHI) poor 2014 and first quarter 2015 financial results and corresponding losses in capital and surplus tha
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