AM Best Assigns Indicative Issue Credit Ratings to Elevance Health, Inc.’s New Shelf Registrations
08 11월 2023 - 1:22AM
Business Wire
AM Best has assigned indicative Long-Term Issue Credit
Ratings of “bbb” (Good) to subordinated issues, “bbb-” (Good) to
preferred stock issues and “bbb+” (Good) to senior unsecured issues
on the recently filed shelf registrations of Elevance Health, Inc.
(Elevance Health) (Indianapolis, IN) [NYSE: ELV]. The outlook
assigned to these Credit Ratings (ratings) is stable. Concurrently,
AM Best has withdrawn the ratings of the previous shelf
registration, which expired.
AM Best notes that Elevance Health has shown an ability to
manage the financial leverage around its 40% target range following
temporary fluctuations due to debt issuances and acquisition
activity. Furthermore, the company continues to maintain strong
earnings before interest and taxes interest coverage in the 10
times range. Elevance Health’s regulated cash flow, capitalization
and operating results continue to be strong, with well-diversified
and growing sources of non-regulated revenue and earnings. In
addition, the company’s financial flexibility and liquidity remains
well supported by its large commercial paper program, parent
company cash and a revolving credit facility.
This press release relates to Credit Ratings that have been
published on AM Best’s website. For all rating information relating
to the release and pertinent disclosures, including details of the
office responsible for issuing each of the individual ratings
referenced in this release, please see AM Best’s Recent
Rating Activity web page. For additional information
regarding the use and limitations of Credit Rating opinions,
please view Guide to Best's Credit Ratings. For
information on the proper use of Best’s Credit Ratings, Best’s
Performance Assessments, Best’s Preliminary Credit Assessments and
AM Best press releases, please view Guide to Proper Use of
Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and
data analytics provider specializing in the insurance industry.
Headquartered in the United States, the company does business in
over 100 countries with regional offices in London, Amsterdam,
Dubai, Hong Kong, Singapore and Mexico City. For more information,
visit www.ambest.com.
Copyright © 2023 by A.M. Best Rating
Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Jennifer Asamoah Senior Financial Analyst +1 908 882
1637 jennifer.asamoah@ambest.com
Christopher Sharkey Associate Director, Public
Relations +1 908 882 2310
christopher.sharkey@ambest.com
Joseph Zazzera Director +1 908 882 2442
joseph.zazzera@ambest.com
Al Slavin Senior Public Relations Specialist +1
908 882 2318 al.slavin@ambest.com
Elevance Health (NYSE:ELV)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
Elevance Health (NYSE:ELV)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024