It just keeps getting better and better Mr. CEO, keep up the great work.
The dr-gstore retailer faces debt maturities, while the upending of some strategies introduces new uncertainties, analysts said.
S&P Global Ratings analysts have downgraded Walgreens Boot Alliance by two notches, to ‘BB’ from ‘BBB-’, which puts the dr-gstore company into speculative-grade territory.
Analysts Diya Iyer and Hanna Zhang cited guidance for the year “notably below” their expectations, and said “material strategic changes, limited cash flow generation, and large maturities in coming years are key risks to the business.”
The company is struggling in its retail business as well as its pharmacy operations.