Moody's affirms Aetna's ratings and confirms Humana's ratings following cancellation of planned merger
New York, February 16, 2017-- Moody's Investors Service has affirmed the Baa2 senior unsecured debt rating of Aetna Inc. and confirmed the Baa3 senior debt rating of Humana Inc. following Aetna's and Humana's announcements that they had mutually ended their plans to merge. Moody's also affirmed the A2 insurance financial strength ratings of Aetna's operating subsidiaries and confirmed the A3 IFS ratings of Humana's operating subsidiaries. The outlook on Aetna's ratings...Aetna is a health care benefits company. The company conducts its operations in three business segments: Health Care, which provides medical, pharmacy benefit management services, dental, behavioral health and vision plans provided on both an insured basis and an employer-funded basis and businesses products and services that complement its medical products; Group Insurance, which primarily includes group life insurance and group disability products and long-term care products; and Large Case Pensions, which manages a variety of retirement products (including pension and annuity products) primarily for tax-qualified pension plans.
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