Moody's affirms Insulet B2 CFR; outlook revised to positive from stable
Moody's Investors Service ("Moody's") affirmed the ratings of Insulet Corporation, ("Insulet") including the Corporate Family Rating ("CFR") at B2, and Probability of Default Rating ("PDR") at B2-PD. At the same time, Moody's upgraded Insulet's ratings on the senior secured term loan and senior secu...Insulet is engaged in the development, manufacturing and sale of its Omnipod? System, an insulin delivery system for people with insulin-dependent diabetes, which consists of two product lines: the Omnipod Insulin Management System and Omnipod DASH? Insulin Management System. The Omnipod System features a self-adhesive disposable tubeless Pod, which is worn on the body and provides up to three days of non-stop insulin delivery without the need to see or handle a needle, and a handheld Personal Diabetes Manager. The Omnipod System communicates wirelessly, provides for automated cannula insertion and eliminates the need for multiple daily injection therapy or the use of pump and tubing.
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