Roche Holding AG - S&P Global Ratings’ Credit Research

Roche Holding AG

Roche Holding AG - S&P Global Ratings’ Credit Research
Roche Holding AG
Published Apr 28, 2014
Published Apr 28, 2014
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services' 'AA' rating on global pharmaceuticals company Roche Holding AG is derived from: Our anchor of 'aa+' based on our "excellent" business risk and "minimal" financial risk profile assessments for the company. A one-notch negative financial policy modifier. Leading global player in fast-growing oncology indication. Excellent late-stage pipeline of drugs in development. Product portfolio with no stringent patent expiry effects expected. Relatively high EBITDA margins in a peer context. Strong free cash flow generation. Conservative financial policy. The stable outlook on Roche reflects our assumption that the company will maintain credit-protection metrics commensurate with our "minimal" financial risk profile assessment (a pension- and lease-adjusted ratio of funds from operations (FFO) to net debt of more than

  
Report Type:

Full Report

Ticker
ROG@VX
Issuer
Roche Holding AG
GICS
Pharmaceuticals (35202010)
Sector
Global Issuers, Structured Finance
Country
Switzerland
Region
Europe, Middle East, Africa
Format:
HTML HTML
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About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Roche Holding AG" Apr 28, 2014. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Roche-Holding-AG-1305069>
  
APA:
S&P Global Ratings’ Credit Research. (). Roche Holding AG Apr 28, 2014. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Roche-Holding-AG-1305069>
  
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