New York, May 19, 2016 -- Moody's Investors Service changed the rating outlook for Allegiance Corporation to positive from stable. At the same time, Moody's affirmed Allegiance Corporation's existing Baa2 senior unsecured rating. Allegiance is a subsidiary of Cardinal Health (Cardinal), its debt is fully guaranteed by Cardinal, and Cardinal represents the primary credit support for Allegiance's senior unsecured notes. Moody's changed Cardinal Health's outlook to positive and affirmed its Baa2 ratings on May 18, 2016.
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