OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has downgraded the Financial Strength Rating to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating to “bbb” (Good) from “a-” (Excellent) of PacificSource Health Plans (Springfield, OR), a subsidiary of Pacific Source Health Group (PHG). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect PHG’s balance sheet strength, which AM Best assesses as weak, as well as its adequate operating performance, neutral business
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