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S&P rates WellPoint notes A-
Standard & Poor's said it assigned A- senior unsecured debt ratings to WellPoint Inc.'s planned issuance of about $1 billion in senior unsecured debt, consisting of 10-year, $700 million notes due August 2020 and 30-year, $300 million notes due August 2040.
The ratings reflect the company's strong business profile diversity, strong earnings and cash-flow profile, and improved balance-sheet fundamentals, S&P said.
Offsetting factors include WellPoint's exposure to stressed industry fundamentals, aggressive share-repurchase strategy and the greater regulatory scrutiny of the company's pricing, the agency said.
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