S&P ups Humana

Standard & Poor's said that it raised the counterparty credit rating on Humana Inc. to BBB from BBB- and affirmed the A- counterparty credit and financial strength ratings on Humana's core subsidiaries and the BBB+ counterparty credit and financial strength ratings on Humana's strategically important subsidiaries.

The outlook remains stable.

The rating actions consider that earnings and assets are well diversified at the holding-company level, significant non-regulated operating subsidiaries are able to upstream dividends with limited restrictions and significantly stronger financial leverage and fixed-charge ratios, the agency said.

The upgrade also considers financial flexibility, strong projected operating cash flow, significant revolver availability and dividend capacity from the regulated subsidiaries, the agency added.

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