S&P Affirms Ratings on Mylan (MYL) Following Meda AB Acquisition Announcement
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Correction: Fitch Affirms Mylan at 'BBB-' on Meda Acquisition Announcement; Outlook Stable
February 11, 2016 5:51 PM ESTCHICAGO--(BUSINESS WIRE)-- (This is a correction of a release issued earlier today. It includes the affirmation of Mylan N.V.'s senior unsecured notes at 'BBB-', which was omitted from the original release.)
Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) and senior unsecured notes of Mylan N.V. (NYSE: MYL; Mylan) and the long-term ratings of its subsidiary Mylan, Inc. at 'BBB-'. The rating actions follow the announcement that Mylan will acquire Meda A.B. (Meda) for approximately $9.9 billion. The Rating Outlook is Stable.
Mylan's ratings apply to approximately $7.3 billion of debt outstanding... More
