Moody's assigns Endo notes B1

Moody's Investors Service said it assigned a B1 rating to the senior unsecured notes issued by Endo Finance LLC, a subsidiary of Endo International plc following an exchange offer for senior unsecured notes previously issued by Endo Health Solutions, Inc.

There are no changes to Endo's existing ratings, including its Ba3 corporate family rating, Ba3-PD probability of default rating and SGL-2 speculative grade liquidity rating.

The outlook remains negative.

Moody's withdrew the ratings on the senior unsecured notes due 2019, 2020 and 2022 issued by Endo Health Solutions following settlement of the exchange offer for the new notes issued by Endo Finance. Moody's also withdrew the ratings on the former credit facilities of Endo Health Solutions, because these obligations are no longer outstanding.

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