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

The corporate logo of the UnitedHealth Group appears on the side of one of their office buildings in Santa Ana, California
April 26, 2024
Reuters - Reuters

(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)

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