Fitch revises McKesson to stable

Fitch Ratings said it affirmed the long-term ratings of McKesson Corp., including the issuer default rating at BBB+.

The outlook was revised to stable from negative.

Fitch said it forecasts debt leverage to be above 2 times at fiscal year-end 2015, slightly above the target for the BBB+ ratings. But debt repayment plans and solid EBITDA growth in fiscal 2016 should drive debt-to-EBITDA of 1.7 times or lower by the end of fiscal 2016.

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