McKesson Updates Fiscal 2017 Guidance
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McKesson (MCK) Ratings Affirmed by S&P; Outlook is Stable
June 29, 2016 8:56 AM EDTS&P Global Ratings today affirmed all of its ratings on McKesson Corp. (NYSE: MCK), including the 'BBB+' corporate credit rating. The outlook is stable.
"The ratings affirmation is based on our expectation that the separation will have no material impact on credit metrics," said S&P Global Ratings credit analyst Tulip Lim. We continue to expect that the company will not sustain leverage above 2x. We expect leverage will rise slightly from current levels (adjusted leverage was 1.5x as of fiscal year ended March 31, 2016). The company announced the acquisition of Rexall,... More
