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    Tuesday, November 24, 2009

    Moody's Lowers CVS Caremark's Outlook To Stable

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    By Sue Chang
    MarketWatch Pulse
       

      SAN FRANCISCO -- Moody's Investors Service on Tuesday affirmed CVS Caremark's ratings, including its senior unsecured rating of Baa2, and revised its rating outlook to stable from positive. "The change in outlook to stable from positive reflects Moody's view that a near term upgrade is unlikely given the time it will take for CVS Caremark to demonstrate that it has adequately addressed the issues that led to the significant contract losses and lost market share at its pharmacy services division," said Moody's in a statement.

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