Global Mega Trends and their Implications on Urban Logistics: Global Spending on Urban Logistics to Reach $5.980 Trillion by 2020.
- Language: English
- 144 Pages
- Published: March 2013
- Region: Global
BOSTON (Standard & Poor's) Nov. 14, 2011--Standard & Poor's Ratings Services today assigned St. Louis, Mo.-based pharmacy benefit management (PBM) services provider Express Scripts Inc.'s proposed senior unsecured notes offering its 'BBB+' issue-level rating. The notes will be issued by wholly owned subsidiary Aristotle Holding Inc. in multiple tranches, with maturities, amounts, and rates to be determined by market conditions. The notes will rank equally with the company's existing and future senior unsecured indebtedness. Express Scripts will use the proceeds from the notes to partially fund its $29 billion acquisition of Medco Health Solutions Inc. Our corporate credit rating on Express Scripts is 'BBB+' and the rating outlook is negative. We believe that initial leverage following the Medco acquisition will...
Companies mentioned in this report are: Express Scripts Inc.,Aristotle Holding Inc.
Action: New Rating
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Research type: News
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Express Scripts Inc.,Aristotle Holding Inc.