Moody's rates McKesson notes Baa2

Moody's Investors Service said it assigned a Baa2 rating to McKesson Corp.'s new senior note offering and a provisional Baa2 senior unsecured rating to the company's multiple seniority shelf.

At the same time, the agency said it affirmed McKesson's existing Baa2 long-term and Prime-2 short-term ratings.

The outlook is stable.

"Although McKesson's leverage will rise following both this transaction and the acquisition of PSS World Medical, it will remain in line with our expectations for a Baa2 rating," said Diana Lee, a Moody's senior Credit officer in a news release.

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