Fitch changes Centene view to positive

Fitch Ratings said it changed the outlook to positive from stable and affirmed Centene Corp.'s BBB-long-term issuer default rating and its senior unsecured notes at BB+.

“The positive rating outlook reflects favorable operating performance through the challenging pandemic environment, expectations of reduced financial leverage in the year following CNC's proposed acquisition of Magellan Health, Inc., and a continued strong business profile anchored by an industry leading Medicaid position,” Fitch said in a press release.

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