| Home

Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Mylan credit rating raised by agencies

Email Newsletters

Sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

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.

Subscribe today! Click here for our subscription offers.




Show commenting policy

Most-Read Stories

  1. Crosby scores twice, Malkin delivers OT goal as Penguins beat Blues
  2. Steelers veteran linebacker Harrison focused on stretch run
  3. Friends, family, history lure natives back to Western Pennsylvania
  4. Steelers notebook: Tomlin ends practice with third-down work
  5. Pirates sign free agent 1B-OF Goebbert, RHP Webster
  6. Penguins co-owner Lemieux snuffs rumored rift with Crosby
  7. Emotional send-off awaits Pitt seniors
  8. Artis leads Pitt to lopsided victory over Cornell
  9. Starkey: Artie Rowell’s incredible odyssey
  10. Teen charged with firing shots in Wilkins, abducting woman
  11. Puppies’ eyes glued shut, South Huntingdon animal shelter says