Moody’s boosts UnitedHealth

Moody's Investors Service said it upgraded UnitedHealth Group Inc.'s long-term issuer rating and senior unsecured debt rating to A2 from A3 and the short-term commercial paper rating to P-1 from P-2.

The agency also upgraded the long-term issuer rating of United Healthcare Services, Inc. to A2 from A3.

The outlooks on both were changed to stable from positive.

“The upgrade of UnitedHealth's issuer rating and senior unsecured debt ratings to A2 reflect its significantly strengthened business profile in recent years while maintaining a stable financial profile,” the agency said in a news release.

“Furthermore, upgrade of the long-term issuer rating to A2 supports an upgrade of the short-term rating to P-1 from P-2.”

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