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S&P says it's looking at cutting Centene's credit ratings to junk status

By Bloomberg  
   July 08, 2025

S&P Global Ratings said it's considering cutting Centene Corp.'s credit ratings to junk, citing the health insurer's suspending its 2025 profit outlook. Centene said last week that it was withdrawing its previous forecast for its earnings for the year, because insurance market trends were veering from its assumptions, particularly in the plans it offers under the ACA. Without that information, S&P has less confidence that the insurer will build the capital it needs quickly enough, the bond grader said in a statement on Monday.

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