Amerigroup Receives Upgrade to Senior Debt Rating

VIRGINIA BEACH, Va., May 30, 2012 /PRNewswire/ -- Amerigroup Corporation (NYSE: AGP) today announced that Moody's Investors Service has upgraded its rating on the Company's senior debt from Ba3 to Ba2.

"We are pleased to receive this recent upgrade from Moody's," said Amerigroup Executive Vice President and Chief Financial Officer, James Truess. "It's reflective of our ongoing commitment to maintain a strong financial profile and build further strength as we grow our business."

Amerigroup ranked 385 on the 2012 Fortune 500 list, up from 396 last year.

About Amerigroup Corporation

Amerigroup, a Fortune 500 company, coordinates services for individuals in publicly funded health care programs. Currently serving more than 2.2 million members in 12 states nationwide, Amerigroup expects to expand operations in 2012 to Washington, its 13th state, as a result of a previously awarded state contract. Amerigroup is dedicated to offering real solutions that improve health care access and quality for its members, while proactively working to reduce the overall cost of care to taxpayers. Amerigroup accepts all eligible people regardless of age, sex, race or disability. For more information, please visit www.amerigroup.com.

CONTACTS:

Investors: Julie Loftus Trudell
Amerigroup Corporation
Senior Vice President, Investor Relations
(757) 321-3597
[email protected]

News Media: Maureen C. McDonnell
Amerigroup Corporation
Vice President, External Communications
(757) 473-2731
[email protected]

SOURCE Amerigroup Corporation