The Debt Ratings for Cencora, Inc., the parent company, are as follows:
|
Standard & Poor’s |
Moody's |
Fitch |
Senior Debt Rating |
BBB+ |
Baa2 |
A- |
Short Term Debt Rating |
A-2 |
P-2 |
F2 |
Outlook |
Stable |
Stable |
Stable |
Debt ratings represent the opinions of the rating agencies with respect to the creditworthiness and financial ability of an obligor to meet its senior unsecured financial obligations and contracts. Ratings provide both industry participants and consumers with meaningful information on specific companies and have become an increasingly important factor in establishing the competitive position of companies in the industry. Rating agencies continually review the financial performance and condition of companies and higher ratings generally indicate financial stability and a strong ability to meet financial obligations. Each rating agency reviews its ratings periodically and there can be no assurance that current ratings will be maintained in the future.