Bulletin: CVS Caremark Corp. Rating Unaffected By Announcement That It Will Stop Selling Tobacco Products - S&P Global Ratings’ Credit Research

Bulletin: CVS Caremark Corp. Rating Unaffected By Announcement That It Will Stop Selling Tobacco Products

Bulletin: CVS Caremark Corp. Rating Unaffected By Announcement That It Will Stop Selling Tobacco Products - S&P Global Ratings’ Credit Research
Bulletin: CVS Caremark Corp. Rating Unaffected By Announcement That It Will Stop Selling Tobacco Products
Published Feb 05, 2014
Published Feb 05, 2014
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Feb. 5, 2014--Standard&Poor's Ratings Services said today that CVS Caremark Corp.'s announcement that it will stop selling cigarettes and tobacco products as of Oct. 1, 2014 , does not have an impact on our rating on the company (BBB+/Stable/A-2). Although we expect an annual revenue loss of about $2.0 billion, the impact on the retail segment's operating profit is expected to be modest given identified opportunities to offset profit loss. As such, we expect CVS Caremark to maintain an "intermediate" financial risk profile.

  
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:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: CVS Caremark Corp. Rating Unaffected By Announcement That It Will Stop Selling Tobacco Products" Feb 05, 2014. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-CVS-Caremark-Corp-Rating-Unaffected-By-Announcement-That-It-Will-Stop-Selling-Tobacco-Products-1255449>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: CVS Caremark Corp. Rating Unaffected By Announcement That It Will Stop Selling Tobacco Products Feb 05, 2014. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-CVS-Caremark-Corp-Rating-Unaffected-By-Announcement-That-It-Will-Stop-Selling-Tobacco-Products-1255449>
  
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