Moody’s lifts Lantheus, loan to B2

Moody's Investors Service said it upgraded Lantheus Medical Imaging, Inc.’s corporate family rating to B2 from B3, probability of default rating to B3-PD from Caa1-PD and senior secured term loan to B2 from B3.

These actions conclude a review initiated on Feb. 23.

The SGL-2 speculative grade liquidity rating was affirmed.

The outlook is stable.

"Recent deleveraging enhances Lantheus' financial flexibility to withstand operating risks related to pricing pressure and supply chain vulnerabilities," Moody's senior vice president Michael Levesque said in a news release.

"We expect that Lantheus will continue to deleverage from a combination of growth in key products and debt repayment."

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