Fitch Rates Express Scripts Bonds 'BBB'; Outlook Stable
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Fitch Assigns 'BBB' Rating to Express Scripts' (ESRX) New Bonds
February 22, 2016 11:27 AM UTCFitch Ratings has assigned a 'BBB' rating to the new bonds issued by Express Scripts Holding Co. (NYSE: ESRX). The Rating Outlook is Stable.
Proceeds will be used to refinance upcoming maturities, including the $1.5 billion of bonds due May 2016, and for general corporate purposes. This refinancing of upcoming maturities with incrementally larger issuances is in line with Fitch's expectations for ESRX.
A full list of ratings, which apply to approximately $15.6 billion of debt at Dec. 31, 2015, follows at the end of this release.
KEY RATING DRIVERS
Market-Leading Scale: ESRX is the largest... More
