Moody's affirms Lannett's B3 CFR and upgrades credit facilities to B2; outlook revised to stable
Rating Action: Moody's affirms Lannett's B3 CFR and upgrades credit facilities to B2; outlook revised to stable. Global Credit Research- 26 Nov 2019. New York, November 26, 2019-- Moody's Investors Service affirmed Lannett Company, Inc.' s B3 Corporate Family Rating and revised the outlook to stable from negative.Lannett Company develops, manufactures, packages, markets, and distributes solid oral and extended release (tablets and capsules), topical, liquids, nasal and oral solution finished dosage forms of drugs, generic forms of both small molecule and biologic medications, that address various therapeutic areas. The company's products are: Levothyroxine Sodium tablets, which are used for the treatment of thyroid deficiency; Fluphenazine tablets, which are used for the management of manifestations of psychotic disorders; Verapamil SR tablets, which are used in the treatment of high blood pressure, arrhythmia and angina; and Ursodiol Capsules, which are used for the treatment and prevention of gallstones.
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