Bulletin: Walgreens Boots Alliance Announces Completed Two-Step Transaction To Acquire Alliance Boots GmbH; Ratings Unaffected - S&P Global Ratings’ Credit Research

Bulletin: Walgreens Boots Alliance Announces Completed Two-Step Transaction To Acquire Alliance Boots GmbH; Ratings Unaffected

Bulletin: Walgreens Boots Alliance Announces Completed Two-Step Transaction To Acquire Alliance Boots GmbH; Ratings Unaffected - S&P Global Ratings’ Credit Research
Bulletin: Walgreens Boots Alliance Announces Completed Two-Step Transaction To Acquire Alliance Boots GmbH; Ratings Unaffected
Published Dec 31, 2014
Published Dec 31, 2014
Price Free  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Dec. 31, 2014--Standard&Poor's Ratings Services noted today Walgreens Boots Alliance Inc.'s announcement that it completed the second step of its acquisition of Alliance Boots GmbH. The company launched the two-step transaction in 2012. Walgreen Co. is now a wholly owned subsidiary of Walgreens Boots Alliance Inc. Earlier this year, Walgreen raised funds for the transaction and, based on our projected performance for the combined company, we estimate that debt leverage could reach 4.0x at fiscal-year end August 2015. At this time, our ratings on Walgreens Boots Alliance Inc. and Walgreen Co. (BBB/Stable/A-2) remain unchanged.

  
Report Type:

Bulletin

Issuer
Walgreens Boots Alliance, Inc
GICS
Drug Retail (30101010)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Walgreens Boots Alliance Announces Completed Two-Step Transaction To Acquire Alliance Boots GmbH; Ratings Unaffected" Dec 31, 2014. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Walgreens-Boots-Alliance-Announces-Completed-Two-Step-Transaction-To-Acquire-Alliance-Boots-GmbH-Ratings-Unaffected-1377896>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Walgreens Boots Alliance Announces Completed Two-Step Transaction To Acquire Alliance Boots GmbH; Ratings Unaffected Dec 31, 2014. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Walgreens-Boots-Alliance-Announces-Completed-Two-Step-Transaction-To-Acquire-Alliance-Boots-GmbH-Ratings-Unaffected-1377896>
  
Free
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.