Pfizer Gets AAA Ranking From S&P
The US Standard & Poor's has assigned a triple A bank loan rating toPfizer's $300 million 364-day revolving credit facility, and a triple A corporate credit rating.
S&P said that the ratings acknowledge Pfizer's strong position in the drug industry, which gives it the ability to maintain a premier financial profile. It noted that with the sale of peripheral businesses over the years, Pfizer's business results are dominated by its presciption drug unit.
Pfizer's $4 billion hypertension franchise is acknowledged, along with the firm's balanced portfolio, which includes anti-infectives and antidepressants.
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