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AM Best Comments on Humana Inc.'s Re-Opened Senior Unsecured Notes

1. Humana's credit rating remains unchanged despite issuing $250 million in new notes. 2. Total senior unsecured notes now at $1.5 billion, retaining a 'bbb' rating.

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FAQ

Why Neutral?

The unchanged credit rating signifies stability; however, increased debt could affect liquidity.

How important is it?

The issuance of additional debt reflects Humana's strategy and may impact investor perception and equity value.

Why Short Term?

The immediate effects of issuing additional notes are relevant to current market conditions.

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UNHANTM
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Long-Term Issue Credit Rating of “bbb” (Good) on the $1.25 billion 5.375% senior unsecured notes, due 2031, originally issued on March 13, 2024, by Humana Inc. (Humana) (headquartered in Louisville, KY) [NYSE: HUM] remains unchanged despite the additional notes being added as part of the same series. Humana has announced that it has issued an additional $250 million of senior unsecured notes under that offering, bringing the total t.

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