UNH · 10-Q · 2026Q2 · Full report

Credit Ratings and Capital Access

UNITEDHEALTH GROUP INC · 2026-08-10 · Importance 29 · Surprise 24

As of June 30, 2026, UnitedHealth Group’s senior unsecured debt was rated A2 negative by Moody’s, A+ negative by S&P Global, A negative by Fitch and A- stable by A.M. Best. Management states that financing availability depends on profitability, operating cash flow, debt levels, credit ratings, covenants, regulatory requirements and economic and market conditions. A significant ratings downgrade or adverse capital-market conditions could increase borrowing costs or limit access to capital. The Company repaid $4.813 billion of short-term and long-term debt net during the six months ended June 30, 2026.

Key facts

• As of June 30, 2026, Moody’s rated the company’s senior unsecured debt A2 with a Negative outlook, S&P Global rated A+ with a Negative outlook, Fitch rated A with a Negative outlook, and A.M. Best rated A- with a Stable outlook. source
• The company was in compliance with the covenants under its bank credit facilities as of June 30, 2026. source
• Commercial paper ratings as of June 30, 2026 were Moody’s P-1, S&P A-1, Fitch F1 and A.M. Best AMB-1. source