Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers G > Headlines for GlaxoSmithKline plc > News item |
Moody's changes outlook on GlaxoSmithKline to stable
Moody's Investors Service said it changed to stable from negative the outlook on the A2 ratings of GlaxoSmithKline plc and affirmed all the ratings of the company and its guaranteed subsidiaries.
“Our decision to stabilize the outlook on GSK's A2 rating reflects the company's continued deleveraging and operating performance improvements,” said Knut Slatten, a vice president – senior analyst at Moody's, in a news release. “Moreover, the stabilization of the outlook also reflects GSK's commitment to strengthen its credit profile and protect its short-term (P)Prime-1 rating.”
© 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.