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S&P might lower Grapevine notes
S&P said it placed its A rating on Grapevine Finance LLC's $72.35 million 6.712% notes on CreditWatch with negative implications.
The rating on the notes is dependent on the rating on the guarantor, Cigna Corp.
The agency said the action reflects the placement of its A rating on Cigna on CreditWatch with negative implications.
S&P said it may take subsequent actions on the transaction due to changes to its rating on the guarantor.
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