A.M. Best Affirms Credit Ratings of Aetna, Inc. and Its Subsidiaries; Affirms Credit Ratings of SilverScript Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a” of Aetna Life Insurance Company (ALIC) (Hartford, CT) and other operating entities of Aetna Inc. (Aetna) (headquartered in Hartford, CT) [NYSE: AET] following the announcement on Nov. 28, 2018, that CVS Health Corporation (CVS Health) has completed its acquisition of Aetna and its insurance subsidiaries. Concurrently, A.M. Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” of SilverScript Insurance Company (SilverScript) (Nashville, TN), a subsidiary of CVS Health. Additionally, A.M. Best has affirmed the FSR of A- (Excellent) and the Long-Term ICRs of “a-” of Coventry Health Plan of Florida, Inc. (Coventry HP of FL) (Sunrise, FL) and Aetna Insurance Company Limited (AICL) (United Kingdom). Lastly, A.M. Best has affirmed the Long-Term ICR of “bbb” and the Long-Term Issue Credit Ratings (Long-Term IR) of Aetna. The outlook of these Credit Ratings (ratings) is stable. Also, A.M. Best has withdrawn the Short-Term IR commercial paper rating of AMB-2 of Aetna, as the program has been terminated due to the merger with CVS Health.