Fitch gives BBB+ to Cigna Group notes

Fitch Ratings said it assigned a BBB+ rating to the Cigna Group's new senior unsecured notes.

The rating is in line with those on Cigna’s outstanding senior unsecured notes.

Cigna will use the proceeds to provide consideration for cash tender offers for various outstanding senior notes, to prefund the repayment of debt maturing in March and June and for general corporate purposes, which may include repayment of other debt and the repurchase of common shares.

The outlook is stable.

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