Fitch gives AmerisourceBergen notes BBB

Fitch Ratings said it has assigned a rating of BBB to AmerisourceBergen Corp.'s prospective $400 million offering of senior unsecured notes.

Fitch said it expects proceeds of the new issuance will be used for repayment of outstanding borrowings under AmerisourceBergen's revolving credit facility and general corporate purposes.

The outlook is stable.

According to the agency, the ratings are supported by AmerisourceBergen's stable leverage and ample liquidity and, despite a challenging economic environment, the company continues to generate growth in funds from operations.

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