Press Release - AUGUST 09, 2019
AM Best Assigns Issue Credit Ratings to Humana Inc.’s Senior Unsecured Notes
FOR IMMEDIATE RELEASE
OLDWICK - AUGUST 09, 2019
AM Best expects Humana’s financial leverage to increase temporarily with the new issuance, but return to a range at or below 35% once the upcoming debts have matured. Interest coverage is expected to remain strong at over 10 times.
The positive outlook on the Long-Term IRs is reflective of the outlook change to Humana Inc. and the majority of its subsidiaries. Please refer to the July 10, 2019 press release for details.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
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