Bulgaria-Based Animal Health Company Huvepharma Assigned 'BB-' Rating; Outlook Positive - S&P Global Ratings’ Credit Research

Bulgaria-Based Animal Health Company Huvepharma Assigned 'BB-' Rating; Outlook Positive

Bulgaria-Based Animal Health Company Huvepharma Assigned 'BB-' Rating; Outlook Positive - S&P Global Ratings’ Credit Research
Bulgaria-Based Animal Health Company Huvepharma Assigned 'BB-' Rating; Outlook Positive
Published Nov 07, 2014
6 pages (2450 words) — Published Nov 07, 2014
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Bulgarian animal health company Huvepharma AD has bought out its minority shareholder, The Rohatyn Group, and financed the transaction by issuing term loans totaling €255 million. We assess Huvepharma's business risk profile as weak and its financial risk profile as significant. We are therefore assigning our 'BB-' long-term corporate credit rating to Huvepharma. The positive outlook on Huvepharma reflects the possibility of an upgrade, given the company's sound market positions and our expectation that it will quickly reduce debt in 2014. FRANKFURT (Standard&Poor's) Nov. 7, 2014--Standard&Poor's Ratings Services today assigned its 'BB-' long-term corporate credit rating to Bulgaria-based Huvepharma AD, a pharmaceutical company with a focus on developing, manufacturing, and marketing animal health products and feed

  
Brief Excerpt:

...+ Bulgarian animal health company Huvepharma AD has bought out its minority shareholder, The Rohatyn Group, and financed the transaction by issuing term loans totaling 255 million. + We assess Huvepharma's business risk profile as weak and its financial risk profile as significant. + We are therefore assigning our '##-' long-term corporate credit rating to Huvepharma. + The positive outlook on Huvepharma reflects the possibility of an upgrade, given the company's sound market positions and our expectation that it will quickly reduce debt in 2014. FRANKFURT (Standard & Poor's) Nov. 7, 2014--Standard & Poor's Ratings Services today assigned its '##-' long-term corporate credit rating to Bulgaria-based Huvepharma AD, a pharmaceutical company with a focus on developing, manufacturing, and marketing animal health products and feed additives. The outlook is positive. At the same time, we assigned our '##-' issue rating to Huvepharma's 275 million senior secured credit facilities (including a...

  
Report Type:

Ratings Action

Issuer
Sector
Global Issuers
Country
Region
Europe, Middle East, Africa
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MLA:
S&P Global Ratings’ Credit Research. "Bulgaria-Based Animal Health Company Huvepharma Assigned 'BB-' Rating; Outlook Positive" Nov 07, 2014. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulgaria-Based-Animal-Health-Company-Huvepharma-Assigned-BB-Rating-Outlook-Positive-1368205>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulgaria-Based Animal Health Company Huvepharma Assigned 'BB-' Rating; Outlook Positive Nov 07, 2014. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulgaria-Based-Animal-Health-Company-Huvepharma-Assigned-BB-Rating-Outlook-Positive-1368205>
  
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