S&P assigns Warner Chilcott BB-

Standard & Poor's said it assigned its BB- corporate credit rating to Warner Chilcott plc.

The outlook is positive.

At the same time, the agency said it affirmed the BB- corporate credit rating on Warner Chilcott Corp., revising its outlook on the company to positive from stable.

This transaction will not affect its ratings on Procter & Gamble nor its outlook on the company, S&P added.

"The BB- rating on Warner Chilcott plc reflects the threat of generic and other competition to the company's product portfolio and its limited research and development capabilities," said credit analyst Michael Berrian.

© 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.