Best Lowers Cigna Financial Strength Rating

A.M. Best Co. has lowered the debt ratings of Cigna Corporation (NYSE:CI) (Philadelphia) and affirmed the financial strength ratings of its operating subsidiaries. The outlook for the debt ratings and life insurance subsidiaries is negative, while the outlook for the HMOs is stable. These rating actions affect approximately $1.6 billion of senior debt, the indicative ratings for securities issuable under the shelf registration and 32 rated operating subsidiaries. (See listing below.) This concludes A.M. Best's review initiated on September 5, 2002, when all ratings were placed under review wit...