Fitch rates Aetna notes A-

Fitch Ratings said it assigned an A- rating to Aetna Inc.'s issuance of $700 million 6¾% senior unsecured notes.

The outlook remains stable.

Proceeds will be used to repay outstanding commercial paper and for general corporate purposes. The additional debt will cause the issuer's debt-to-EBITDA ratio to grow to about 1 times.

The ratings reflect performance in Aetna's core operations of health care and group insurance, steady operating margins and growing cash flows, Fitch said.

The ratings also consider challenges associated with rising medical costs and the evolving regulatory and legislative environment, the agency said.

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