Fitch: UnitedHealth notes A-

Fitch Ratings said it assigned an A- rating to UnitedHealth Group Inc.'s proposed issuance of $750 million of senior unsecured notes.

The agency also said it affirmed the ratings of UnitedHealth and its operating subsidiaries, including its issuer default rating at A, short-term issuer default rating at F1, commercial paper rating at F1 and A- ratings on its 5.25% senior unsecured notes due 2011; 5.5% senior unsecured notes due 2012; 4.875% senior unsecured notes due 2013; 4.875% senior unsecured notes due 2013; 4.75% senior unsecured notes due 2014; 5% senior unsecured notes due 2014; 4.875% senior unsecured notes due 2015; 5.375% senior unsecured notes due 2016; 6% senior unsecured notes due 2017; 6% senior unsecured notes due 2017; 6% senior unsecured notes due 2018; 3.875% senior unsecured notes due 2020; 0% senior unsecured notes due 2022; 5.8% senior unsecured notes due 2036; 6.5% senior unsecured notes due 2037; 6.625% senior unsecured notes due 2037; 6.875% senior unsecured notes due 2038; and 5.7% senior unsecured notes due 2040.

The outlook is stable.

The proceeds from the new issue will be used to replace a portion of the company's first-quarter 2011 debt maturities, Fitch said.

As a result, the agency said it views the proposed issuance as having a modest effect on UnitedHealth's financial leverage.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.