S&P puts HealthSun on positive watch

S&P said it placed its BB- long-term counterparty credit and senior secured debt ratings on Highland Acquisition Holdings LLC (HealthSun) on CreditWatch with positive implications.

The CreditWatch placement reflects HealthSun's anticipated acquisition by a higher-rated entity Anthem Inc., which the agency believes will result in an upgrade of up to one three notches.

The acquisition is expected to close in fourth-quarter 2017.

“Once the transaction is completed, we could raise the ratings by up to three notches depending on the amount of debt outstanding following the acquisition and our determination of HealthSun's strategic importance within Anthem's group of companies,” S&P said in a news release.

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