Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers E > Headlines for Elan Corp. plc > News item |
S&P affirms Elan; outlook down to stable
Standard & Poor's said it affirmed its B corporate credit rating and its B issue-level rating on Elan Corp. plc.
At the same time, the agency said it revised its outlook to stable from positive.
"The outlook revision reflects financial underperformance relative to its expectations when we revised the outlook to positive in Sept. 2009," said S&P credit analyst Michael Berrien, "including delayed free operating cash flow generation and slower-than-anticipated growth in the company's main product, Tysabri."
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.