Valeant: downgraded one notch by S & amp; P and monitored
Montreal (awp / afp) – The rating agency Standard & amp; Poor’s downgraded by one notch the credit rating of the Canadian laboratory Valeant with under surveillance facing the accounting woes of the company.
“We have lowered the overall score on the B Valeant credit + to B because we n ‘assess risk more on a level comparable “to other companies rated B +, the agency said Thursday.
the decision on the assessment of the quality of credit Valeant comes two days after setting remains of holders of at least a quarter of a line of credit of one billion US dollars at the rate of 5.5% in 2023, said Standard & amp; Poor’s.
This notice has been filed for breach of Valeant its legal obligations to publish its audited accounts 2015 on time.
The laboratory reaffirmed Tuesday its audited accounts (document 10-K) for the year ended December 31, 2015 will be filed as permitted by April 29.
Standard and Poor’s said that the surveillance with consequence on the note corresponds to “a potential rise (of note) if the company files its 10-K documents on time”
the decision by S & amp;. P had no significant impact on during the Valeant in Thursday Exchange. The title was crumbling from 0.76% to 32.85 dollars around 14:15 GMT on the New York Stock Exchange.
afp / rp
(AWP / 04.14.2016 16:33)
(AWP / 04.14.2016 16:33) ->
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