TEXT-S&P raises Magellan Health Services to 'BBB-'

Overview
-- Magellan Health Services Inc. has a growing revenue base,
diversifying business profile and consistent operating performance.
-- The company also has a very conservative capital structure for its
rating level.
-- We are raising the long-term counterparty credit rating on Magellan to
'BBB-' from 'BB+'.
-- The stable outlook reflects our expectation that the company will
maintain a stable earnings profile and a very conservative structure with
modest deb

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