Fitch rates AmerisourceBergen loan A-

Fitch Ratings said it affirmed AmerisourceBergen Corp.'s long- and short-term issuer default ratings at A- and F2.

The outlook is stable.

Fitch also said it assigned an A- senior unsecured bank facility rating to the company's new $400 million term loan.

The ratings benefit from a stable operating profile and consistent cash generation, the agency said.

The ratings are supported by steady pharmaceutical demand, an oligopolistic drug distribution industry in the United States and relative insulation from most drug pricing and regulatory pressures, despite very low margins, Fitch said.

AmerisourceBergen's long-term relationship with Walgreens provides an added element of meaningful stability and growth, the agency said.

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