trending Market Intelligence /marketintelligence/en/news-insights/trending/gghxd0chgeuiejieuktjja2 content esgSubNav
In This List

Moody's places Express Scripts' ratings under review for downgrade

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud

Blog

Investment Research Analysts Providing Greater Coverage on Inflation


Moody's places Express Scripts' ratings under review for downgrade

Moody's placed Express Scripts Holding Co.'s Baa2 senior unsecured debt under review for downgrade.

The rating agency placed the ratings under review with direction uncertain in March, after Cigna Corp. agreed to acquire Express Scripts for about $67 billion.

Moody's said the rating of the St. Louis, Mo.-based pharmacy benefit manager is unlikely to be upgraded, based on the progress to date in the rating review of Bloomfield, Conn.-based Cigna.

Express Scripts's Baa2 rating reflects its leading position in the market, moderate financial leverage and strong cash flow, according to Moody's.