Holds the second-largest position in the high-growth chain drug retail industry based on sales and units. A strong management team. A long history of success in drug retailing. Strong balance sheet and good liquidity. Participates in a highly competitive industry. The ratings on CVS Corp. (CVS) reflect the company's solid position in the favorably regarded drug store industry and the belief that management is committed to maintaining a moderate financial policy. CVS, with more than 4,100 units, is the second-largest chain drug retailer in the U.S. based on sales and store count. Prescriptions, which constitute about 69% of the company's revenues, continue to drive growth and are expected to do well prospectively based on an aging population, greater use of
