S&P: Quest view to negative

Standard & Poor's said it affirmed its BBB+ corporate credit rating on Quest Diagnostics Inc., although it lowered expectations for generation of EBITDA and discretionary cash flow in 2013.

The outlook was revised to negative from stable, reflecting the increased likelihood, in our the agency's, that Quest's cost reduction efforts may not sufficiently offset price pressure, preventing the improvement in leverage we currently expect.

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