20.08.2015 18:03:00

Valeant Pharmaceuticals International, Inc -- Moody's: Valeant's acquisition of Sprout delays deleveraging

New York, August 20, 2015 -- Moody's Investors Service commented that Specialty pharmaceutical company Valeant Pharmaceuticals International, Inc.'s acquisition of privately-owned Sprout Pharmaceuticals, Inc. ("Sprout") for approximately $1 billion plus a portion of future profits is credit negative because it delays deleveraging relative to Moody's expectations. There are no changes to Valeant's ratings including the Ba3 Corporate Family Rating or the positive rating outlook.

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