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Moody’s revises Shire to positive
Moody's Investors Service said it affirmed the Baa3 issuer rating of Shire plc and the Baa3 senior unsecured ratings of rated subsidiaries including Shire Acquisitions Investments Ireland DAC and Baxalta Inc.
The outlook was revised to positive from stable.
"The revision in the rating outlook to positive from stable reflects improving financial flexibility from recent deleveraging, and the potential for further deleveraging over the next 12 to 18 months," Moody’s senior vice president Michael Levesque said in a news release.
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