S&P changes AmerisourceBergen view to negative

S&P said it revised the outlook for AmerisourceBergen Corp. to negative.

“Our outlook revision reflects heightened risk that the distributors will reach a settlement that could exceed the $2 billion to $2.7 billion capacity that we think AmerisourceBergen could absorb and still maintain the ratings. We estimate the capacity is up to $2.7 billion, assuming the company curtails share repurchases, which we assumed to be $350 million annually,” said S&P in a press release.

S&P affirmed its A- rating for the company.

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