Moody’s might lift FHC Health

Moody's Investors Service said it placed the ratings of FHC Health Systems, Inc. under review for upgrade, including its B2 corporate family rating, B2-PD probability of default rating and the B2 on the senior secured credit facilities.

The agency said the actions follow the announcement that FHC has entered into a definitive agreement to be acquired by Anthem, Inc. (Baa2, stable).

The review for upgrade reflects Moody's expectation that, should the acquisition by Anthem be consummated, that FHC will become part of an enterprise with a stronger overall credit profile than if it remains a standalone entity, Moody’s said.

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