Fitch affirms Owens & Minor

Fitch Ratings said it affirmed Owens & Minor Inc.'s issuer default rating, senior credit facility and senior debt at BBB-.

The outlook is stable.

The affirmation reflects Owens' steady operational and financial performance in the face of a relatively challenging economic environment, the agency said. Modest organic growth, stable margins, strong working capital management and manageable capital expenditure requirements resulted in free cash flow generation of $157 million during the latest 12-month ended Dec. 31.

The stable outlook is supported by Owens' business model, which benefits from relatively reliable demand growth, efficient operations and good working capital management, the agency added.

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