S&P lifts Anthem units' counterparty

Standard & Poor's said it raised its counterparty credit and financial strength ratings on Anthem Inc.'s operating subsidiaries to A+ from A and removed them from CreditWatch, where they were placed on Oct. 27, 2003. The outlook on the operating companies is stable.

S&P also affirmed its BBB+ counterparty credit rating on Anthem Inc. and revised its outlook on Anthem Inc. to positive from stable.

"The operating company ratings were raised because Anthem's stand-alone operations continue to achieve strong, stable returns on an increasingly diverse business mix," explained S&P credit analyst Shellie Stoddard. "The decision is unrelated to the planned merger with WellPoint Health Networks Inc."

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.