Moody’s upgrades Teva to investment-grade Baa3 rating
TEVA•Moody’s upgrades Teva’s credit rating
- Moody’s upgraded Teva’s corporate credit rating to Baa3 from Ba1, lifting it to investment grade with a stable outlook.
- Moody’s cited earnings-led debt reduction, improving margins, solid free cash flow, and revenue diversity.
- The agency expects further debt reduction over the next 12 to 18 months.
