Moody's: Mallinckrodt's settlement with the FTC is credit negative
New York, January 19, 2017-- Moody's Investors Service commented that Mallinckrodt's $100 million settlement agreement with the Federal Trade Commission is credit negative. The settlement is credit negative primarily given the reduction in cash in early 2017. There is no change to the company's Ba3 Corporate Family Rating or stable outlook. For additonal information please refer to Moody's Issuer Comment on Mallinckrodt International Finance SA available on...
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