Moody's could cut Aetna

Moody's Investors Service said it placed Aetna Inc.'s Baa1 senior unsecured debt rating and the A1 insurance financial strength rating of its operating subsidiary, Aetna Life Insurance Co., on review for downgrade.

Moody's said the review follows the company's announcement that it entered into a definitive agreement to acquire Coventry Health Care, Inc. for $7.3 billion.

The purchase price includes the assumption of $1.6 billion of Coventry's senior notes.

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