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S&P rates Molina notes BB-
S&P said it assigned its BB- debt rating to Molina Healthcare Inc.’s $650 million of 10-year senior unsecured notes.
Molina will use proceeds for general corporate purposes, including refinancing its $330 million outstanding of 4 7/8% senior unsecured notes due 2025.
Molina’s BB- issuer rating is unchanged, and the outlook remains positive.
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