S&P affirms Almirall

Standard & Poor’s said it affirmed the ratings on Almirall SA, including its BB- corporate credit rating and BB- rating on its €325 million of senior unsecured notes.

The ratings also were removed from CreditWatch, where they were placed with developing implications in August, reflecting the divestiture of the rights for its respiratory product Eklira, plus parts of its respiratory pipeline, S&P said.

The outlook is stable.

The ratings reflect the group’s weak business risk profile and minimal financial risk profile, S&P said.

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