S&P affirms Health Net

Standard & Poor's said it affirmed its BB long-term counterparty credit rating on Health Net, Inc. and its BBB- long-term counterparty credit and financial strength ratings on core subsidiaries Health Net of California Inc. and Health Net Life Insurance Co.

The agency said it also raised the long-term counterparty credit and financial strength ratings on Health Net of Arizona Inc. and Health Net Health Plan of Oregon Inc. to BBB- from BB+.

S&P said it had considered these organizations strategically important to the enterprise, but now considers them core under the agency's group rating methodology. The outlook on all of the companies is stable.

The agency also said the stable outlook reflects its view that a rating change in the next 12 months is unlikely unless Health Net's financial metrics deteriorate outside of its expectations for 2012 and 2013, or it reports any material non-operating special charges.

© 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.