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Astellas Pharma Inc.: Update to credit analysis

Our credit view of this issuer reflects a track record of leverage reduction following acquisitions, against its regulatory risks in its US business.

Moody's Ratings affirms Astellas' A3 rating; outlook remains stable

Moody's Ratings (Moody's) has affirmed Astellas Pharma Inc.'s A3 issuer rating. The outlook remains stable. "The affirmation of Astellas' A3 rating reflects our expectation that Astellas' leverage will continue improving, with debt/EBITDA falling below 2x over the next 12–18 months due to debt rep...

Moody's Ratings affirms Astellas' A3 rating; outlook remains stable (J...

2025 年10月20日、 東京、 ムーディーズ・ ジャパン株式会社( 以下「ムーディーズ」) は、 アステ ラス製薬株式会社( 以下「アステラス製薬」) の発行体格付A3を確認した。 格付の見通しは引き 続き安定的である。. 「 アステラス製薬の格付A3の確認は、 同社が規律ある財務方針のもとでフリーキャッシュフロー...

Astellas Pharma Inc.: Update to credit analysis

Our credit view of Astellas reflects its stable revenue supported by its top-selling drug, XTANDI, offset by its high leverage following the debt-funded acquisition of Iveric.

Moody's Ratings announces completion of a periodic review of ratings o...

Moody's Ratings (Moody's) has completed a periodic review of the ratings of Astellas Pharma Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 14 November 2024 in which we reassessed the appropriateness of the ratings in the cont...

Astellas Pharma Inc.: Update to credit analysis

Our credit view of this issuer reflects its stable revenue supported by its top-selling drug, XTANDI, offset by its high leverage after the debt-funded acquisition of Iveric.

Astellas Pharma Inc.: Update to credit analysis

Our credit view of this issuer reflects its stable revenue supported by its top-selling drug, XTANDI, offset by its high leverage after the debt-funded acquisition of Iveric.

Astellas Pharma Inc.: Update to credit analysis

Our credit view of Astellas reflects its geographic diversification, constrained by its revenue concentration in three drugs, along with increased leverage from its acquisition of Iveric.

Moody's affirms Astellas' A3 rating; outlook stable

Moody's Japan K.K. has affirmed Astellas Pharma Inc.'s A3 issuer rating. The outlook remains stable. "The affirmation reflects our expectation that the company will deleverage over the next two years following its $5.9 billion debt-funded acquisition of Iveric bio, Inc." says Dean Enjo, a Moody'...

Moody's affirms Astellas' A3 rating; outlook stable (Japanese)

Contact:東京 東京円城 ディーン セメトコ 真理子主任格付アナリスト/VP シニア・アナリスト 格付責任者/SVP マネージャーコーポレート・ファイナンス・グループ コーポレート・ファイナンス・グループムーディーズ・ジャパン株式会社 ムーディーズ・ジャパン株式会社お客様専用電話番号:03-5408-4100報道関係者電話番号:03-5408-4110お客様専用電話番号:03-5408-4100報道関係者電話番号:03-5408-4110[MJKK]アステラス製薬の格付 A3 を確認、見通しは安定的2023 年 5 月 10 日、東京、ムーディーズ・ジャパン株式会社(以下「ムーディーズ」...

Astellas Pharma Inc.: Update to credit analysis

Our credit view of Astellas reflects its geographic diversification, against its revenue concentration in three drugs, with increasing reliance on XTANDI until 2027.

Astellas Pharma Inc.: Update to credit analysis

Our credit view of Astellas Pharma Inc. reflects its geographic diversification, against its revenue concentration in three drugs, with increasing reliance on XTANDI till 2027.

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