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Article: A.M. Best Assigns Initial Debt Rating to Health Net, Inc.; Affirms Ratings of Operating Companies.
- Article from:
- Business Wire
- Article date:
- July 3, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
A.M. Best Co. has assigned a "bbb-" to Health Net, Inc.'s (NYSE: HNT), Woodland Hills, California, $400 million, 8.375% senior notes, issued April 2001 and due April 2011.
Additionally, the financial strength ratings of the group's life/health insurance subsidiaries were affirmed. The ratings of the companies of Health Net reflect their leadership position in most of the states which they operate, their diverse product portfolio and the historically profitable operations of Health Net's principal health plan subsidiary, Health Net of California, Inc., and Health Net's government operations. Offsetting factors are the limited earnings and ...
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