Moody's assigns Alkermes loan Ba3

Moody's Investors Service said it assigned a Ba3 rating to the new senior secured term loan of Alkermes, Inc., a subsidiary of Alkermes plc. There are no changes to the company's ratings including the Ba3 corporate family rating, the Ba3-PD probability of default rating and the SGL-1 speculative grade liquidity rating. The outlook remains unchanged at stable.

Proceeds will be used to refinance Alkermes' term loan and for general corporate purposes.

© 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.