Standard & Poor’s last week said Illinois’ decision not to renew some of its managed-care contracts with Carle Foundation subsidiary Health Alliance Medical Plans won’t affect the Urbana-based system’s A-plus rating, although the loss of business could pose a credit risk down the road.

The rating agency last month lowered the foundation to A-plus from AA-minus and assigned a stable outlook, in part due to the state’s delay in making managed-care payments to the Carle subsidiary.

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