Fitch affirms Actavis at “BBB-” on Forest Labs acquisition; outlook Stable
Fitch Ratings has affirmed the ratings of generic drugs major Actavis (NYSE: ACT) and subsidiaries at “BBB-” following the announcement that it will acquire Forest Laboratories (NYSE: FRX) for around $25 billion (The Pharma Letter February 18).
The rating outlook is Stable. The rating action applies to about $6.3 billion of debt outstanding at September 30, 2013.
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