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Moody's rates Anthem notes Baa2
Moody's Investors Service said it assigned a Baa2 senior unsecured debt rating to Anthem, Inc.'s planned issuance of senior unsecured debt due in 2020, 2022, 2024, 2027 and 2047.
A portion of the net proceeds from the offering are expected to be used to fund the acquisitions of HealthSun and America's 1st Choice, Moody's said.
They also will be used for liability management and for general corporate purposes, which may include redeeming or repurchasing outstanding securities or refinancing debt, the agency said.
The planned issuance constitutes a takedown from Anthem's shelf registration filed in April 2015, Moody's noted.
The outlook is stable.
The acquisitions of HealthSun and America's 1st Choice are expected to close by the end of the first quarter of 2018, Moody's said.
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