The consolidated UnitedHealth Group Inc. has a very strong business profile, strong earnings and cash flow, and very strong financial flexibility. We are raising our long- and short-term credit ratings on UnitedHealth Group to 'A' and 'A-1', respectively, from 'A-' and 'A-2', respectively. At the same time, we are raising our financial strength and counterparty credit ratings on UnitedHealth Group's operating companies to 'AA-'from 'A+'. We are revising the outlook on all companies to stable from positive. The stable outlook reflects our expectation that UnitedHealth will experience sustained revenue growth, very strong discretionary cash flow generation, and very strong liquidity. On Sept. 24, 2012, Standard&Poor's Ratings Services raised its long- and short-term credit rating on UnitedHealth Group Inc.
