Overview -- WellPoint Inc. completed its acquisition of Amerigroup Corp. on Dec. 24, 2012. -- We raised our counterparty credit rating on Amerigroup to 'A-' from 'BB+'. -- The stable outlook is based on our expectation that Amerigroup will remain a core entity within WellPoint. Rating Action On Dec. 26, 2012, Standard & Poor's Ratings Services raised its long-term counterparty credit rating on Amerigroup Corp. (AGP) to 'A-' from 'BB+'. At the same time, we removed the rating from CreditWatch with positive implications, where we placed it on July 9, 2012. The outlook is stable. Rationale Our four-notch upgrade of AGP following its acquisition by WellPoint Inc. is based on our designation of AGP as a core entity within WellPoint Inc. Based on our group rating methodology, we allow for more than three notches of rating support for core entities. AGP will now operate as wholly owned intermediate holding company under WellPoint Inc. AGP's group of health plans collectively supports the enterprise strategy, and the acquisition of AGP is in line with WellPoint's strategy to increase its market presence in the Medicaid segment. WellPoint has a significant existing presence in the Medicaid segment. Outlook The stable outlook is based on our expectation that AGP will remain a core entity within WellPoint Inc. Failure of WellPoint to support AGP, or significant loss/nonrenewal of Medicaid contracts within AGP's core markets would cause us to reevaluate AGP's core group status and our rating on the company. Related Criteria And Research -- Use Of CreditWatch And Outlooks, Sept. 14, 2009 -- Group Methodology, April 22, 2009 Ratings List Upgraded; CreditWatch/Outlook Action To From Amerigroup Corp. Counterparty Credit Rating Local Currency A-/Stable/-- BB+/Watch Pos/-- Senior Unsecured A- BB+/Watch Pos
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.