Moody's Affirms MMM Holdings's Credit And Upgrades Its Outlook
FORT LEE, New Jersey, June 23, 2017 /PRNewswire/ -- MMM Holdings, Inc. ("MMM" or "the Company") is pleased to confirm today that Moody's has affirmed the Company's credit ratings and upgraded its outlook for MMM from "Stable" to "Positive" based upon the Company's performance.
Douglas Malton, the Chief Financial Officer of InnovaCare, Inc., the parent company of MMM Holdings, said that "Moody's affirmation of the Company's credit rating and its outlook upgrade validates the Company's solid growth as well as its positive and sustained financial performance in the Medicare Advantage business as well as its Government Health Plan (Medicaid) business. It is a recognition to the Company's continued ability to successfully manage the healthcare needs of our more than 475,000 beneficiaries in Puerto Rico."
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