Walgreens (WBA) Cut to Junk at Moody's, Outlook Stable

Walgreens (WBA) Cut to Junk at Moody’s, Outlook Stable

• Walgreens Boots Alliance credit rating cut to junk by Moody’s.
• WBA's high debt relative to earnings and risks associated with its push to offer more healthcare services are cited as key reasons.
• The downgrade reflects "Walgreens’ stubbornly high financial leverage, weak interest coverage and pressured free cash flow that Moody’s believes will be sustained over the next 12-18 months."

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