Valeant Pharmaceuticals International, Inc: Update to credit analysis - good progress at turnaround, but high financial leverage will continue
Our credit view of Valeant reflecting high financial leverage, limited organic growth and unresolved legal issues. These are tempered by strong scale and diversity and good liquidity.Valeant Pharmaceuticals International is a pharmaceutical and medical device company that develops, manufactures, and markets a range of branded, generic and branded generic pharmaceuticals, over-the-counter (OTC) products, and medical devices (contact lenses, intraocular lenses, ophthalmic surgical equipment, and aesthetics devices). Co. has two operating and reportable segments: Developed Markets, which focuses in dermatology, neurology, gastrointestinal disorders, and eye health therapeutic; and Emerging Markets, which focuses primarily on branded generics, OTC products, and medical devices.
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