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Валгрин Ко. Message Board

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  • dr_tjm42 dr_tjm42 Aug 16, 2012 2:01 PM Flag

    Moody's downgrades Walgreen's sr unsecured rating to Baa1; outlook negative

    This is going to hurt earnings

    "In addition, the downgrade acknowledges the substantial amount of debt at Alliance Boots (about $12.4 billion at March 31, 2012) and Alliance Boots substantial debt maturities in 2014 and 2015. The downgrade also considers that the pharmacy wholesale business of Alliance Boots is outside Walgreen's current retail focus and generates significantly lower margins than retail"