Fitch Affirms Express Scripts IDR at 'BBB'; Outlook Revised to Stable

Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) of Express Scripts Holdings ESRX and its subsidiaries (Express Scripts, Inc. and Medco Health Solutions, Inc. [MHS]) at 'BBB'. The ratings apply to roughly $15.7 billion in debt, and Fitch has revised the Rating Outlooks for all three IDRs to Stable from Negative. A complete list of ESRX's ratings can be found at the end of this press release. Key Rating Drivers: --The Stable Outlook acknowledges that ESRX's current leverage measured as total debt-to-EBITDA remains high for the company's 'BBB' rating, as a result the Medco Health, Inc. (Medco) acquisition in April 2012. --Fitch, however, expects that ESRX See full press release