Takeda Pharmaceutical Co. Ltd.#s U.S. Dollar-Denominated Unsecured Straight Bonds Rated #A-#

Stocks and Financial Services Press Releases Thursday July 13, 2017 17:37
TOKYO--13 Jul--S&P Global Ratings

TOKYO (S&P Global Ratings) July 13, 2017--S&P Global Ratings today said that it has assigned its 'A-' rating to Japan-based pharmaceutical company Takeda Pharmaceutical Co. Ltd.'s (A-/Negative/A-2) U.S. dollar-denominated unsecured straight bonds.

The $500 million bonds have a fixed coupon rate of 2.45% and mature on Jan. 18, 2022. We assign the same rating to the bonds as our long-term corporate credit rating on Takeda, given our current rating on the company, the asset protection for the bonds, and the priority of payment of the bonds among its financial obligations.

Our ratings on Takeda reflect our view of the following: It has a strong position in major markets for branded pharmaceuticals and a leading market share in Japan, as well as an enhanced product portfolio and improved research and development (R&D) pipeline; Heavy restructuring and R&D costs have driven its profitability below the global industry average for pharmaceutical companies; andIts business acquisition costs have temporarily hurt key financial ratios, but these are likely to improve in fiscal 2018 (ending March 31, 2019) to levels commensurate with the current ratings.


Latest Press Release

Fitch Rates EXIM#s USD300 Million Senior Notes Final #BBB+#

Fitch Ratings has assigned Export-Import Bank of Thailand's (EXIM, BBB+/Stable) USD300 million five-year senior unsecured notes a final rating of 'BBB+'. The notes were issued under the bank's USD1.5 billion medium-term note (MTN) programme. The...

คอร์สเทรดหุ้นด้วยกราฟแท่งเทียนแบบพื้นฐาน Candlestick basic trading class

ใช้พื้นฐานแท่งเทียนเทรดหุ้น ประกอบกับเทคนิคอื่นๆ Basic candlestick trade with other technical แบบฝึกหัด Workshop...

MBAex Partnership Amplifies Global Access to Kinesis Money

MBAex, the largest blockchain assets trading platform in Southeast Asia with over 1.3 million users, has announced a Memorandum of Understanding (MOU) with Kinesis Money. The partnership is in line with MBAex's vision to promote the use of blockchain...

Beacon VC invests in InstaReM ASEANs leading cross-border payments fintech startup

Beacon VC has joined hands with a number of international investors in a THB1.5-billion investment inInstaReM – a leading fintech startup that provides cross-border payment service to individuals and enterprises in more than 40 countries. This...

KTC launches Shop with Worthwhile Deals campaign with up to 16% cash back.

Mr. Nattasit Soontranu, Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited, reveals promotions for the Supermarket category for the year end that KTC has partnered with leading supermarkets including Big C (Big C...

Related Topics