Moody's: AmerisourceBergen positive

Moody's Investors Service said it changed AmerisourceBergen Corp.'s outlook to positive from stable and affirmed the company's existing Baa3 senior debt ratings.

The positive outlook reflects the view that margin improvement and a conservative posture toward leverage are likely to continue, Moody's said.

The ratings reflect the company's position as one of the nation's leading drug distributors and the company's solid position in the higher margin specialty drug arena, Moody's said.

The ratings are constrained by the company's concentration in a very low margin business and a recent increase in industry-wide acquisition activity, the agency said.

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