Moody’s rates Anthem notes Baa2

Moody's Investors Service said it assigned a Baa2 senior unsecured debt rating to Anthem, Inc.'s proposed issuance of senior unsecured debt due in 2025, 2030 and 2050.

Proceeds will be used for general corporate purposes, including, but not limited to, repayment of short and long term debt, the repurchase of the company's common stock and acquisitions.

“This issuance will not have a material impact on Anthem's credit profile, as we expect the proceeds from the issuance to be used, in part, to refinance $1.6 billion of the company's debt maturing in 2020,” the agency said in a press release.

Anthem’s outlook is stable and is rated Baa2 by Moody’s.

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