Fitch affirms Express Scripts

Fitch Ratings said it affirmed Express Scripts' issuer default rating and senior unsecured bank credit facility at BBB.

The outlook is stable, which reflects expectation that the company will operate with a financial profile that is supportive of the BBB rating category. Fitch said it also expects the company to continue to pursue targeted acquisitions and share repurchases.

Ratings are supported by strong cash flow generation relative to its modest capital expenditure needs, the agency said.

Total debt-to-EBITDA ratio was 1.4x for the 12 months ending Sept. 30.

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