S&P changes Akorn view to negative

S&P said it revised its outlook on Akorn Inc. to negative from stable and affirmed all of its ratings on the company.

“The negative outlook reflects the increased uncertainty following the shortfall in Akorn's revenue and margins during the third quarter,” the agency said in a news release.

“This shortfall has increased the risk that the company will be unable to generate annual free cash flow of at least $10 million once the expenses from the merger, data integrity investigation, and trial roll-off.”

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