TribLIVE

| Home


Weather Forecast
 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Mylan credit rating raised by agencies

MYL $26.03 +$0.09

at close on TUESDAY

Daily Photo Galleries

Tuesday, Nov. 20, 2012, 11:00 a.m.
 

Moody's and Standard & Poor's upgraded Mylan Inc.'s credit rating to investment grade on Tuesday, up from junk status.

The two rating agencies cited the generic drugmaker's strong operating results and financial flexibility in their upgrades.

Also Tuesday, Cecil-based Mylan announced a $500 million buyback of its common stock.

“We are pleased that Moody's and S&P have each continued to recognize Mylan's long-standing commitment to financial discipline and a strong capital structure,” Chief Financial Officer John Sheehan said.

Add Alex Nixon to your Google+ circles.

 

 

 
 


Show commenting policy

Most-Read Stories

  1. McKeesport gardeners enjoy fruits of their labors
  2. 10 years ago, Hurricane Ivan brought record rain to region
  3. 2 men shot outside Duquesne bar
  4. Pirates hit 3 HRs in rout of Red Sox
  5. South Allegheny adds robotics course
  6. 150 attend East Allegheny teachers union forum
  7. Starkey: Two amazing Pirates fans
  8. Steelers defense a long way from ‘greatest of all time’
  9. West Mifflin solicitor reveals proposed assessment deals
  10. Police chase ends with shooting in Bell Township; suspect wounded
  11. Pirates notebook: Castillo’s debut underscores challenges in Cuban market
Subscribe today! Click here for our subscription offers.