...March 19, 2024 NEW YORK (S&P Global Ratings) March 19, 2024--S&P Global Ratings today assigned its 'A+' issue rating to UnitedHealth Group Inc.'s new senior unsecured notes, which the company will issue in three-, five-, seven-, 10-, 30-, and 40-year tranches. The debt issuance does not affect our 'A+' long-term issuer credit rating on UnitedHealth Group (UNH). UnitedHealth Group will use the debt proceeds for general corporate purposes, including repaying its average outstanding commercial paper borrowings ($4.5-$5 billion) and refinancing its $1 billion of 0.55% senior notes due May 2024. We anticipate that financial leverage, including this transaction, will remain 41%-42% in 2024, due to higher debt needs, such as funding the Amedisys acquisition (expected to close in 2024). The company has also guided toward $9 billion of share repurchases this year and $7 billion in dividends. Our leverage forecast also incorporates the divestiture of the group's operations in Brazil (primarily consisting...
