S&P Raises UnitedHealth Credit Outlook To Positive

NEW YORK (AP) — Standard & Poor’s Ratings Services on Wednesday raised its credit outlook on health insurer UnitedHealth Group Inc. to “positive” from “stable,” saying the company’s financial position has improved compared with its competitors’.

The new outlook means Standard & Poor’s could raise its rating on UnitedHealth in the next year or two. Analyst Joseph Marinucci currently rates the company’s credit at `A-,’ four notches above noninvestment grade or “junk” status. He said UnitedHealth has performed well during a difficult period for health insurers.

“The consolidated UnitedHealth Group has a very strong business profile, strong earnings and cash flow, and very strong financial flexibility,” Marinucci wrote.

The Minnetonka, Minn., company is the largest health insurer based on revenue and second only to WellPoint Inc. in enrollment. Its shares rose $1.47, or 3.2 percent, to $47.18 in afternoon trading.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. G Dog says:

    Maybe if they didn’t pay their CEO $140 million in 2009, they could be “more stable” and didn’t have to charge patients $4 for an aspirin.

  2. Naznin says:

    It’s just been aunonnced that Severin’s new show will be aired on his previous Boston station, where he worked as a local drivetime host.Meanwhile, I’m temporarily working for one of its competitors in the region.

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