Humana's creditworthiness and excellent financial strength are driving CHA Health's rating outlook change. The transaction is expected to close at the end of first quarter 2006, subject to regulatory approval. Terms of the agreement were not disclosed.
The transaction expands Humana's presence and commitment across Kentucky. The company will compete for commercial business throughout Kentucky, especially in the areas outside the population centers of Louisville, Lexington and northern Kentucky.
For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.
For current Best's Ratings, independent data and analysis on more than 1,050 health companies and A.M. Best groups, please visit www.ambest.com/health.
A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com.