S&P: Amerisource unaffected

Standard & Poor's said its ratings on AmerisourceBergen Corp. are not affected by its definitive agreement to purchase unrated World Courier Group Inc. for $520 million.

S&P said it believes that AmerisourceBergen will easily fund the acquisition given its nearly $2.4 billion cash balance as of Dec. 31.

The agency said it also believes the transaction will not substantially weaken AmerisourceBergen's liquidity or "modest" financial risk profile, nor will it introduce significant integration risk.

S&P's ratings on AmerisourceBergen reflect fiscal 2012 expectations for low-single-digit revenue growth in line with expectations for the industry, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.