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BULLETIN: CVS Corp. Ratings Unaffected By Termination Of Albertson's Inc. Talks

Published Dec 28, 2005

399 words — Published Dec 28, 2005

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Abstract:

NEW YORK (Standard&Poor's) Dec. 28, 2005--Standard&Poor's Ratings Services said today that CVS Corp.'s (A-/Stable/A-2) terminated discussions with Albertson's Inc. regarding a purchase of Albertson's stand-alone Sav-on and Osco drugstores have no immediate impact on the company's credit rating or outlook. Based on Albertson's press release of Dec. 22, 2005, it appears the drugstores are not currently being considered for sale. Albertson's indicated on that date that it terminated all discussion regarding the potential sale of the entire company, but that it continues to explore the sale of underperforming assets. If the drugstores were to again become available for sale, CVS could be one of several interested bidders. However, this acquisition would be viewed as a one-time

Brief Excerpt:

RESEARCH BULLETIN: CVS Corp. Ratings Unaffected By Termination Of Albertson's Inc. Talks Publication date: 28-Dec-2005 NEW YORK (Standard & Poor's) Dec. 28, 2005--Standard & Poor's Ratings Services said today that CVS Corp.'s (A-/Stable/A-2)...

Report Type:

Bulletin

Ticker

CVS

Issuer

CVS Health Corp.

GICS

Health Care Services (35102015)

Sector

Global Issuers , Structured Finance

Country

United States

Region

United States

Format:

PDF

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Research Update: CVS Corp. 'A-' Long-Term Rating Placed On Watch Negative After Albertson's Deal Announced – 2006/01/23 – US$ 225.00

Summary: CVS Corp. – 2006/03/16 – US$ 225.00

CVS Corp. Long-Term Ratings Cut To 'BBB+' From 'A-' Due To Acquisition; Off Watch Neg – 2006/04/25 – US$ 150.00

Research Update: CVS Corp. Corporate Credit Rating Cut To 'BBB+' From 'A-'; Off Watch Neg – 2006/04/25 – US$ 225.00

Summary: CVS Corp. – 2005/11/29 – US$ 225.00

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CVS Corp. – 2005/06/17 – US$ 500.00

Summary: CVS Corp. – 2005/06/17 – US$ 225.00

Summary: CVS Corp. – 2005/05/19 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "BULLETIN: CVS Corp. Ratings Unaffected By Termination Of Albertson's Inc. Talks" Dec 28, 2005. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-CVS-Corp-Ratings-Unaffected-By-Termination-Of-Albertson-s-Inc-Talks-485140>

APA:	S&P Global Ratings’ Credit Research. (). BULLETIN: CVS Corp. Ratings Unaffected By Termination Of Albertson's Inc. Talks Dec 28, 2005. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-CVS-Corp-Ratings-Unaffected-By-Termination-Of-Albertson-s-Inc-Talks-485140>

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