| Title: | Research Update: Health Net Inc. And Operating Companies Outlook Revised To Negative; Ratings Affirmed |
| Price: | $175.00 |
| Publication Date: | Apr 30, 2008 |
| Report Type: | Research Update |
| Abstract: | On April 30, 2008, Standard&Poor's Ratings Services revised its outlook on Health Net Inc. (NYSE:HNT) and its operating subsidiaries to negative from stable. At the same time, Standard&Poor's affirmed its 'BB+' counterparty credit rating on Health Net and its 'BBB' counterparty credit and financial strength ratings on Health Net's core operating subsidiaries. Standard&Poor's also assigned a '3' recovery rating to Health Net's $400 million, 6.375% senior notes due 2017, leaving the rating on these securities unchanged at 'BB+' (the same level as the counterparty credit rating on the company). The recovery rating indicates the expectation for meaningful (50%-70%) recovery in the event of a payment default. The negative outlook reflects our concerns regarding possible |
| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Health Net Inc. And Operating Companies Outlook Revised To Negative; Ratings Affirmed Publication date: ##-Apr-#### Primary Credit Analyst: Neal Freedman, New York (#) ###-###-####; neal_freedman@standardand... |
| Word Count: | 931 |
| Ticker: | HNT |
| Issuer: | Health Net Inc. |
| GICS: | Managed Health Care (35102030) |
| Sector: | Global Issuers, Insurance, Health Care |
| Country: | United States |
| Region: | United States |
| Format: | 
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