Moody’s gives Cigna notes Baa1

Moody’s Investors Service said it gave Baa1 ratings to Cigna Corp.’s senior unsecured notes due 2026 and 2033.

The Baa1 rating is the same as Moody’s ratings on Cigna’s outstanding senior unsecured debt.

The proceeds will be used for general corporate purposes, including the repayment of debt. The agency asid it expects Cigna to use the proceeds in part to refinance outstanding commercial paper along with its $2.9 billion of outstanding debt maturing in July 2023.

The outlook is stable.

© 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.