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S&P rates Mylan loan BBB-
Standard & Poor’s said it assigned a BBB- corporate credit rating to Mylan NV, parent company of Mylan Inc., and placed the rating on CreditWatch with negative implications.
The agency also said it assigned a BBB- rating to Mylan Inc.’s $1.6 billion senior unsecured term loan due 2017 and placed the rating on CreditWatch with negative implications.
The agency also said it withdrew the BBB- corporate credit rating on Mylan Inc.
The ratings reflect expectations of leverage of 2.2x, S&P said.
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