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Published on 7/9/2020 in the Prospect News Convertibles Daily and Prospect News Emerging Markets Daily.

Fitch pulls Glenmark bond rating

Fitch Ratings said it withdrew the BB rating on Glenmark Pharmaceuticals Ltd.’s proposed offering of dollar-denominated bonds after the company decided not to proceed with the offering. Fitch assigned the rating in January.

The agency affirmed the BB ratings on Glenmark’s 4½% senior unsecured notes due 2021 and the company.


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