(The following statement was released by the rating agency)
On Oct. 19, 2012, Standard & Poor's Ratings Services corrected its financial
strength and issuer credit ratings on Oxford Health Plans (NY) Inc. to 'AA-'
from 'A+' and revised the outlook to stable from positive.
Oxford Health is a core member of UnitedHealth Group Inc. In accordance with
our criteria, the ratings and outlook on Oxford Health should be equivalent to
the ratings and outlook assigned to UnitedHealth Group's core operating
companies. We inadvertently did not revise the ratings and outlook on Oxford
Health when we revised our ratings on UnitedHealth Group to 'AA-/Stable' from
'A+/Positive' on Sept. 24, 2012. Accordingly, we have raised our ratings on
Oxford Health to 'AA-' from 'A+' and revised the outlook to stable from
positive in tandem with the revision on the ratings and outlook on
Related Criteria And Research
-- Holding Company Analysis, June 11, 2009
-- UnitedHealth Group Inc. Ratings Raised To 'A/A-1' From 'A-/A-2',
Operating Co. Ratings Raised; Outlook Revised To Stable, Sept. 24, 2012
Upgraded; Outlook Action
Oxford Health Plans (NY) Inc.
Issuer Credit Rating
Financial Strength Rating AA-/Stable/-- A+/Positive/--
(Caryn Trokie, New York Ratings Unit)