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Published on 2/23/2005 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P: Accredo unaffected

Standard & Poor's said the ratings on Accredo Health Inc. (BB/stable/--) are unaffected following the announcement by Medco Health Solutions Inc. that it was acquiring Accredo for $2.2 billion.

S&P said it expects Medco Health, at the close of the acquisition, to refinance all of Accredo's outstanding rated debt.

S&P will subsequently withdraw all its ratings on Accredo.


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