Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers W > Headlines for WellPoint, Inc. > News item |
Fitch gives WellPoint notes A-
Fitch Ratings said it has assigned an A- rating to WellPoint, Inc.'s issuance of senior unsecured notes.
The outlook remains negative.
Fitch said that it expects proceeds from the debt issuance to be used as prefunding for maturities and potential refinancing occurring over the course of 2009 and for general corporate purposes.
Fitch added that it revised WellPoint's outlook to negative on March 11, reflecting lower earnings expectations for WellPoint for 2008, driven primarily by higher than expected medical cost trends, lower than expected fully insured enrollment, and the effects of weakening economic conditions, including lower income from investments.
© 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.