S&P gives Anthem notes A

S&P said it assigned its A debt rating to Anthem Inc.'s proposed senior note issuances with various maturities.

The agency said it does not expect the issuances to increase leverage or affect the A long-term issuer credit rating.

Proceeds will be used to prefund upcoming maturities and for general corporate purposes.

“Our ratings on Anthem reflect the company's very strong business and financial risk profiles,” S&P said in a news release.

“The company's strong business fundamentals benefit from the well-established Blue Cross Blue Shield brand, its broad business and geographic diversity and strong market share in most of its key markets.”

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