AM Best Assigns Issue Credit Ratings to Humana Inc.’s Senior Unsecured Notes
This issuance is expected to be used to replace the outstanding term loan, prefund debt maturities for later in 2023, and for general corporate purposes, including paying down outstanding commercial paper. AM Best anticipates that this debt issue will increase Humana’s financial leverage in the near term; this metric will moderate over the next two quarters as upcoming maturities are paid down. Humana’s financial leverage at
On a longer-term basis, Humana plans to manage financial leverage at approximately
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Source: AM Best