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Southern Cross has rating affirmed

Southern Cross Medical Care Society has had its A+/Stable rating confirmed for the seventh consecutive year by Standard & Poor’s (S&P).

Tuesday, April 28th 2009, 4:56PM

In its report S&P said the rating reflected Southern Cross’ leading market position in the New Zealand private health insurance industry and its strong strategic management.

The rating agency pointed out that medical inflation and New Zealand’s aging population would remain key issues for health insurers, but that “Southern Cross’ scale and influence should see it well placed against its peers”.

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