S&P rates Aetna Health A-

Standard & Poor's said it assigned an A- long-term counterparty credit rating to Aetna Health Holdings LLC, a wholly owned intermediate holding company of Aetna Inc.

The outlook is positive.

The agency also said it affirmed the A- senior debt rating on the 2015 notes, raised the senior debt rating to A- from BBB+ on the remaining notes previously issued by Coventry Health Care Inc. and withdrew the BBB+ long-term counterparty credit rating on Coventry.

The ratings were based on Aetna Health's core status to Aetna, said Neal Freedman, an S&P analyst.

Supporting the ratings include the company's very strong business risk profile based on its national scale and diverse lines of business, Freedman said in a press release, and its strong financial risk profile based on capital and earnings and strong financial flexibility.

The agency said it expects that Aetna will grow and diversify its revenue sources and sustain pricing flexibility by successfully executing the Coventry acquisition and various other strategies.

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