UnitedHealth Group Inc.'s New Senior Unsecured Notes Rated 'A+'

NEW YORK (S&P Global Ratings) March 23, 2023--S&P Global Ratings today said it assigned its 'A+' debt rating to UnitedHealth Group Inc.'s (UNH) new senior unsecured notes, which will be issued in four tranches. The debt issuance does not affect our 'A+' long-term issuer credit rating on UNH. On Feb. 22, the company closed on its acquisition of LHC Group (LHCG), a national provider of home-based health care services. UNH will use the debt proceeds from this issuance for general corporate purposes, including repaying a portion of its outstanding commercial paper borrowings, which it used to fund the LHCG acquisition. UNH had $1.375 billion in fixed-rate notes com due during the first quarter of this year and has an upcoming

...March 23, 2023 NEW YORK (S&P Global Ratings) March 23, 2023--S&P Global Ratings today said it assigned its 'A+' debt rating to UnitedHealth Group Inc.'s (UNH) new senior unsecured notes, which will be issued in four tranches. The debt issuance does not affect our 'A+' long-term issuer credit rating on UNH. On Feb. 22, the company closed on its acquisition of LHC Group (LHCG), a national provider of home-based health care services. UNH will use the debt proceeds from this issuance for general corporate purposes, including repaying a portion of its outstanding commercial paper borrowings, which it used to fund the LHCG acquisition. UNH had $1.375 billion in fixed-rate notes com due during the first quarter of this year and has an upcoming debt maturity of $750 million in 3.5% senior notes due this June. UNH reported strong operating results in 2022, with UnitedHealthcare and Optum both performing well. Full-year revenue increased by 12.7%, boosted by UnitedHealthcare's solid membership gains...

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