S&P ups CVS to stable

Standard & Poor's said that it revised the outlook on CVS Caremark Corp. to stable from negative and affirmed the rating on the company, including the BBB+ corporate credit rating.

The ratings on CVS Caremark reflect the expectations that solid operating performance at the retail segment will largely offset weakness at the pharmacy benefit management segment and the company will maintain a moderate financial policy, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.