Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Z > Headlines for Zoetis Inc. > News item |
Moody's flips Zoetis to positive
Moody's Ratings revised its outlook for Zoetis Inc. to positive from stable.
The Baa1 senior rating and the prime-2 commercial paper rating were affirmed.
The company has exhibited conservative financial policies and strong earnings growth, even with competition on existing blockbuster products within parasiticides and dermatology.
In conjunction with good earnings growth, Zoetis has exercised more conservative financial policies, pursuing R&D-led organic growth initiatives rather than debt-financed acquisitions over the past few years.
While Zoetis may pursue debt-funded acquisitions over time, Moody's notes that the company's internal growth prospects are strong enough to sustain its positive earnings trajectory without external assets.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.