Moody's assigns Humana notes Baa3

Moody's Investors Service said it assigned a Baa3 senior unsecured debt rating to Humana Inc.'s (senior debt at Baa3) issuance of $750 million of new long term debt.

The outlook is negative.

Moody's noted that the debt issuance is a draw on the company's shelf registration, which it filed in March 2006.

The company plans to use a portion of the proceeds to repay outstanding borrowings under its credit facility with the balance, if any, to be used for general corporate purposes including the funding of short-term cash needs, potential acquisitions and repurchases of shares of common stock, Moody's said.

© 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.