News: AmerisourceBergen Corp (ABC)

ABC on New York Consolidated

77.33USD
19 Sep 2014
Price Change (% chg)

$0.20 (+0.26%)
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Wed, Sep 10 2014

Fitch Affirms AmerisourceBergen at 'A-'; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, September 10 (Fitch) Fitch Ratings has affirmed the long-term ratings of AmerisourceBergen Corp. (NYSE: ABC) at 'A-' and the short-term ratings at 'F2'. The Rating Outlook is Stable. The rating actions apply to approximately $2 billion of debt at June 30, 2014. A full list of rating actions follows at the end of this release. KEY RATING DRIVERS -- U.S. drug distributors maintain stable operating profiles due to the industry

Fitch Rates AmerisourceBergen's Proposed $1B Bond Offering 'A-'; Outlook Stable

(The following statement was released by the rating agency) CHICAGO, May 19 (Fitch) Fitch Ratings has assigned an 'A-' rating to AmerisourceBergen Corp.'s (NYSE: ABC) proposed $1 billion senior unsecured bond issuance. Proceeds from the issuance are expected to be used for the redemption of ABC's $500 million of unsecured bonds due Sept. 2015 and for general corporate purposes, including the repurchase of stock. ABC's Issuer Default Rating (IDR) is 'A-', with a Stable Rating Outlook. A full

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