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S&P: Akorn on positive watch
S&P said it placed Akorn Inc.'s B+ corporate credit rating and BB- issue ratings on CreditWatch with positive implications.
The positive watch is in response to news that Akorn is in discussions with Fresenius Kabi, a subsidiary of Fresenius SE & Co. KGaA, about a potential acquisition of the Akorn, S&P said.
The positive watch reflects the potential for higher ratings on Akorn as a part of the consolidated entity if the acquisition is completed, the agency said.
Upon the completion of the transaction, S&P said it expects to resolve the CreditWatch listings to reflect the final ratings on the consolidated entity.
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