CVS Caremark Corp. - S&P Global Ratings’ Credit Research

CVS Caremark Corp.

CVS Caremark Corp. - S&P Global Ratings’ Credit Research
CVS Caremark Corp.
Published Jun 27, 2012
3771 words — Published Jun 27, 2012
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Leading position in the high-growth chain drug retail industry; Strong position in the Pharmacy Benefits Management (PBM) industry; and Strong cash flow and strong liquidity. Participates in a highly competitive industry; History of adding debt to fund acquisitions; and Margin pressure from PBMs and the government's Medicare and Medicaid. The ratings on CVS Caremark Corp. reflect Standard&Poor's Ratings Services' assessment of a "strong" business risk profile and an "intermediate" financial risk profile. The business risk assessment is based on our expectations that CVS will continue to achieve solid operating performance due to strong revenue and profit growth. We also expect the company to maintain a moderate financial policy despite increases in share repurchases funded with free cash flow.

  
Brief Excerpt:

RESEARCH CVS Caremark Corp. Publication date: 27-Jun-2012 Primary Credit Analyst: Ana Lai, CFA, New York (1) 212-438-6895; ana_lai@standardandpoors.com Secondary Contact: Mariola Borysiak, New York (1) 212-438-7839; mariola_borysiak@standardandpoors.com...

  
Report Type:

Full Report

Ticker
CVS
Issuer
CVS Health Corp.
GICS
Health Care Services (35102015)
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

Summary: CVS Caremark Corp. – 2012/12/11 – US$ 225.00

Summary: CVS Caremark Corp. – 2013/06/21 – US$ 225.00

Summary: CVS Caremark Corp. – 2014/03/20 – US$ 225.00

Summary: CVS Caremark Corp. – 2012/06/27 – US$ 225.00

Summary: CVS Caremark Corp. – 2011/12/22 – US$ 225.00

Summary: CVS Caremark Corp. – 2011/06/29 – US$ 225.00

CVS Caremark Corp. – 2011/06/29 – US$ 500.00

CVS Caremark Corp. – 2011/05/16 – US$ 500.00

More from S&P Global Ratings’ Credit Research

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. "CVS Caremark Corp." Jun 27, 2012. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/CVS-Caremark-Corp-981517>
  
APA:
S&P Global Ratings’ Credit Research. (). CVS Caremark Corp. Jun 27, 2012. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/CVS-Caremark-Corp-981517>
  
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