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Moody's rates Aetna debt Baa1
Moody's Investors Service said it assigned a Baa1 senior unsecured debt rating to Aetna Inc.'s planned issuance of new long-term debt.
Aetna expects to use the net proceeds of the planned issuance, which is expected to be about $2 billion, to partially fund the company's acquisition of Coventry Health Care, Inc. and for general corporate purposes.
The rating remains on review for downgrade pending the completion of the acquisition.
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