Moody’s says hack against UnitedHealth Group is ‘credit negative’ for the company

By Thomson Reuters Feb 23, 2024 | 1:04 PM

(Reuters) – Credit Rating agency Moody’s said Friday that the recently reported hack against UnitedHealth Group was “credit negative” for the company.

The agency cited potential “financial and reputational impacts” of the hack, which reportedly occurred Wednesday and has caused disruption to pharmacies across the United States.

UnitedHealth did not immediately return a message seeking comment.

(Reporting by Raphael Satter; editing by Jonathan Oatis)