New York, October 28, 2015 -- Moody's Investors Service today placed the ratings of Rite Aid Corporation on review for upgrade; including its Corporate Family Rating of B2 and its Probability of Default Rating of B2-PD. At the same time, Rite Aid's Speculative Grade Liquidity rating of SGL-2 was affirmed. The review for upgrade is prompted by Walgreen Boots Alliance, Inc. ("WBA") (Baa2 RUR-Down) and Rite Aid's announcement that WBA would be acquiring Rite Aid for $9 per share plus Rite Aid's existing debt in a transaction valued at about $17.2 billion. The transaction is expected to close during the second half of calendar 2016.
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