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Published on 3/24/2015 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.

S&P rates Teva notes A-

Standard & Poor's said it assigned its A- senior unsecured issue-level rating to Teva Pharmaceutical Finance Netherlands II BV's senior unsecured notes due 2025.

The notes are guaranteed by Teva Pharmaceutical Industries Ltd. (A-/stable/-).

The agency said it regards the transaction as leverage neutral because the company has retired roughly $1.3 billion of debt thus far in 2015 and has additional upcoming near-term maturities.


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