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Prospect News home > News index > List of issuers H > Headlines for Health Net, Inc. > News item
Published on 11/23/2010 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

Fitch: Health Net still on evolving watch

Fitch Ratings said Health Net, Inc. BB- issuer default ratings remain on ratings watch evolving.

The action follows the announcement from the Centers for Medicare & Medicaid Services that the company was required to suspend marketing and enrolling new beneficiaries into their prescription drug and Medicare Advantage plans.

Debt to EBITDA improved to 1.4x as of Sept. 30 from 8.8x as of year-end 2009.


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