S&P lifts, withdraws CareCore

S&P said it raised the long-term issuer credit rating on CareCore National LLC to BB from B and removed the rating from CreditWatch positive, where it was placed Oct. 13.

The outlook is stable.

The agency subsequently withdrew all of the ratings on CareCore following its debt redemption.

S&P said the upgrade reflects Express Scripts Holding Co.'s acquisition of the company and an assessment of CareCore as a strategically important subsidiary of Express Scripts.

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