Fitch Affirms Health Net's IFS at 'BBB' & Removes Negative Watch; Outlook Negative (Fitch Inc) ...

(Source: Fitch Inc) 05 Nov 2015 8:01 PM GMT/UTC Fitch Ratings-Chicago-05 November 2015: Fitch Ratings has removed from Rating Watch Negative and affirmed the 'BBB' Insurer Financial Strength (IFS) ratings of certain Health Net Inc. (HNT) subsidiaries. The Rating Outlook is Negative. HNT's 'BB+' Issuer Default Rating (IDR) and 'BB' senior unsecured notes remain on Rating Watch Negative. Today's rating action follows the completion of a periodic review of HNT's ratings. Fitch placed HNT on Rating Watch Negative on July 3, 2015 following the company's announcement that it had entered into a definitive agreement under which it would be acquired by Centene Corp. (CNC). Fitch expects the HNT-CNC...