S&P cuts, withdraws Medical Specialties

S&P said it lowered its corporate credit rating on Medical Specialties Distributors LLC (MSD) to B- from B.

The outlook is stable.

"The rating downgrade reflects MSD's continued challenges to generate positive free operating cash flow," S&P credit analyst Adam Dibe said in a news release.

The agency subsequently withdrew all ratings, including the corporate credit rating and the issue-level rating on Medical Specialties’s senior secured credit facility, at the company's request and following the full redemption of the company's rated debt.

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