|Expense Ratio (net)||N/A|
|Last Cap Gain||N/A|
|Morningstar Risk Rating||N/A|
|Beta (5Y Monthly)||N/A|
|5y Average Return||N/A|
|Average for Category||N/A|
Moody's Investors Service ("Moody's") assigned a Baa2 rating to AmerisourceBergen Corporation's ("AmerisourceBergen") new senior unsecured bonds. Moody's expects that proceeds from the company's new $500 million bond issuance will be used for general corporate purposes, including refinancing activities.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of AmerisourceBergen Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Investors Service ("Moody's") affirmed AmerisourceBergen Corporation's ("AmerisourceBergen") Baa2 senior unsecured rating and Prime-2 senior unsecured commercial paper rating. The affirmation of the Baa2 rating reflects Moody's expectation that AmerisourceBergen's cash flow will remain strong, with approximately $1.5 billion of free cash flow after dividends per annum over the next three years.