Mylan credit rating raised by agencies
By Alex Nixon
Published: 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.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Steelers’ playoff hopes all but gone in loss to Dolphins
- Likely loss of Steelers draft pick looms because of Tomlin misstep
- Penguins’ Orpik out, Neal to have phone hearing
- Worst of winter storm expected to miss Pittsburgh
- Penguins’ Orpik taken off ice on stretcher in loss to Bruins
- Rossi: Penguins’ Orpik among select NHLers going without gluten
- Breaking down the Pirates’ needs entering winter meetings
- Aliquippa RB Swanson commits to Toledo
- Startup aims to replace chicken, egg
- Gun permit tiff puts officials’ jobs in danger
- Nelson Mandela: The real legacy