CVS Caremark Corp. Outlook Revised To Stable; 'BBB+' Rating Affirmed
Standard & Poors, May 2011
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
Operating results at U.S. pharmacy operator CVS Caremark's retail division remain strong, largely offsetting weakness at the PBM division. We revised the outlook on CVS Caremark to stable from negative given our expectations that overall operating results will remain relatively stable due to continued strength at retail and despite ongoing operating pressure at the PBM division in 2011, resulting in relatively stable credit protection measures. The outlook revision also reflects our expectations that CVS Caremark is committed to maintaining a moderate financial policy despite an increase in share repurchases and dividend, funded with free cash flow generation NEW YORK (Standard & Poor's) May 9, 2011--Standard & Poor's Ratings Services said today that it revised its outlook on CVS Caremark Corp....
Companies mentioned in this report are: CVS Caremark Corp.
Action: Affirmed
Action: Outlook: Stable
CVS Caremark Corp.
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