Fitch revises Centene view to positive

Fitch Ratings said it revised the outlook for Centene Corp. to positive from stable.

The outlook revision reflects Fitch’s view that CNC's pending acquisition of WellCare Health Plans, Inc., which is expected to close in the first half of 2020, will significantly improve its business profile. Although financial leverage will increase with the funding of the WellCare acquisition, it is expected to improve over a two-year time horizon. Continued financial performance at current levels would further contribute to uplift in the company’s ratings,” Fitch said in a press release.

© 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.