Fitch raises Elevance Health

Fitch Ratings said it upgraded the long-term issuer default rating of Elevance Health Inc. to A- from BBB+ and senior debt rating to BBB+ from BBB.

“The upgrade of Elevance's IDR and senior debt rating reflect run-rate financial leverage ratios consistent with Fitch's rating guidelines for standard notching between the IFS ratings and the holding company IDR. The affirmation of the IFS continues to be supported by a very strong company profile, strong financial performance and earnings, as well as very strong debt service and financial flexibility,” the agency said in a press release.

The outlook is stable.

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