Fitch assigns B+ to Atnahs loans

Fitch Ratings said it assigned an expected senior secured debt rating of B+/RR4 to the term loan B and the revolving credit facility issued by Antigua Bidco Ltd.

Fitch also assigned a first-time expected long-term issuer default rating of B+ to the company, which indirectly owns Atnahs Pharma UK Ltd.

“The B+ IDR reflects Atnahs’ strong operating profitability and high cash flow conversion with a financial profile commensurate with mid to high B levels,” said Fitch in a press release.

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