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Published on 3/16/2011 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

Fitch ups Allergan

Fitch Ratings said it upgraded Allergan Inc.'s issuer default rating, senior debt and bank loan to A from A- and short-term issuer default rating and commercial paper to F1 from F2.

The outlook was revised to stable from positive.

The ratings consider Allegran's improved revenues, the anticipation of steady margins, solid liquidity and steady leverage and gross debt.


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