Moody's assigns first-time B2 CFR to ANI Pharmaceuticals; outlook stable
Rating Action: Moody's assigns first-time B2 CFR to ANI Pharmaceuticals; outlook stable. Global Credit Research- 27 Apr 2021. New York, April 27, 2021-- Moody's Investors Service assigned ratings to ANI Pharmaceuticals, Inc. including a B2 Corporate Family Rating, B2-PD Probability of Default Rating, and a B2 rating to the senior secured credit facilities.ANI Pharmaceuticals is a pharmaceutical company focused on developing, manufacturing, and marketing branded and generic prescription pharmaceuticals. The company's products include, among others: Arimidex, which is used for adjuvant treatment of postmenopausal women with hormone receptor-positive early breast cancer; Erythromycin Ethylsuccinate, which is used to treat infections caused by susceptible strains of designated organisms for selected diseases; Diphenoxylate Hydrochloride and Atropine Sulfate, which is used as an adjunctive therapy in the management of diarrhea; and Etodolac, which is used to treat mild to moderate pain caused by osteoarthritis and rheumatoid arthritis.
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