AM Best Assigns Issue Credit Ratings to Cigna Corporation’s New Senior Unsecured Notes and Indicative Shelf Registration
The Cigna Group (CI)
Last the cigna group earnings: 4/30 06:00 am
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Source: Business Wire
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned the Long-Term Issue Credit Ratings (Long-Term IRs) of “bbb” to the $1.5 billion 2.4% senior unsecured notes due 2030, $750 million 3.2% senior unsecured notes due 2040 and the $1.25 billion 3.4% senior unsecured notes due 2050 recently issued by Cigna Corporation (Cigna) (headquartered in Bloomfield, CT) [NYSE:CI]. Furthermore, AM Best has assigned indicative Long-Term IRs of “bbb” to senior unsecured debt and “bb+” to preferred shares under the recently filed shelf registration. The outlook assigned to these Credit Ratings (ratings) is stable. The existing ratings of Cigna and its subsidiaries are unchanged (see related press release).The proceeds of the recent $3.5 billion of aggregate debt, issued on March 4, 2020, will be used to redeem/tender upcoming 2021, 2022 and 2023 higher coupon issues.Cigna maintains high financial leverage of approximately 47%, including the current debt issues, and a high level of goodwill and inta
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CI
Earnings
- 10/31/24 - Beat
CI
Sec Filings
- 11/19/24 - Form 4
- 11/12/24 - Form SC
- 10/31/24 - Form 10-Q
- CI's page on the SEC website