DBRS: McKesson notes A (low)

DBRS said it assigned a rating of A (low) with a stable trend to McKesson Corp.'s issue of $600 million of 3.25% five-year notes due March 1, 2016, $600 million of 4.75% 10-year notes due March 1, 2021 and$500 million of 6% 30-year notes due March 1, 2041.

The notes will rank pari passu with McKesson's other senior debt, the agency said.

McKesson intends to use the proceeds from the sale of the notes for general corporate purposes, including the repayment of borrowings outstanding under the company's bridge loan.

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