Fitch affirms Aetna

Fitch Ratings said it affirmed Aetna Inc.'s A long-term issuer default rating and the A- ratings on its various issues of senior unsecured notes.

The agency also said it affirmed Aetna's F1 short-term issuer default rating and the AA- insurer financial strength ratings of various Aetna insurance company subsidiaries.

The outlook is stable.

The company's high credit quality and strong ratings of its insurance company subsidiaries reflect the organization's strong competitive position in the health insurance and managed care sector, consistently solid profitability and interest coverage and overall strong risk-based capital ratios, Fitch said.

The ratings also consider the increase in the company's financial leverage in recent years and the uncertain impact health care reform legislation could have on Aetna's operations and financial profile, the agency said.

© 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.