Moody's rates Lannett's proposed secured notes B1; B3 CFR affirmed
Rating Action: Moody's rates Lannett's proposed secured notes B1; B3 CFR affirmed. Global Credit Research- 06 Apr 2021. New York, April 06, 2021-- Moody's Investors Service assigned a B1 rating to Lannett Company, Inc.' s new 1st lien senior secured notes.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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