Fitch affirms Express Scripts

Fitch Ratings said it affirmed Express Scripts' issuer default rating at BBB, senior unsecured bank credit facility at BBB and senior unsecured notes at BBB. The ratings apply to about $4 billion of outstanding debt.

The outlook is stable.

The ratings are supported by an expectation that the company will successfully integrate NextRx and reduce leverage through debt reduction and improved profitability in the near term, Fitch said.

The company operates within a market that benefits from relatively reliable demand growth, the agency said.

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