Pfizer (PFE) Says HSR Act Waiting Period in Medivation (MDVN) Acquisition has Expired
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Moody's Affirms Pfizer's (PFE) Ratings Amid Decision Not to Split Company
September 26, 2016 2:12 PM EDTMoody's Investors Service ("Moody's") affirmed the ratings of Pfizer Inc. (NYSE: PFE) and related subsidiaries, including the A1 senior unsecured long-term rating and the Prime-1 commercial paper rating. At the same time, Moody's revised the rating outlook to stable from negative. This rating action follows the announcement that Pfizer will not pursue a split of its pharmaceutical business.
"Pfizer's decision to keep the business whole removes a key overhang to the credit profile because a split had credit negative implications," stated Michael Levesque, Moody's Senior Vice President.
"The stable rating outlook... More
