S&P gives RxBenefits, facilities B-

S&P said it assigned B- ratings to RxBenefits (RxB Holdings Inc.) and its first-lien credit facilities. The recovery rating is 3.

“RxBenefits has high leverage, minimal cash flow generation, and limited scale in the highly competitive pharmacy benefits space,” the agency said in a press release.

The outlook is stable. The outlook reflects a forecast for solid revenue growth, adjusted EBITDA margins between 30%-35%, and modestly positive cash flow generation, S&P said.

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