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Article: SmithKline Beecham, Related Entities Ratings Raised by S&P - Standard & Poor's CreditWire -
- Article from:
- PR Newswire
- Article date:
- June 11, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, June 11 /PRNewswire/ -- Standard & Poor's today has raised its ratings on SmithKline Beecham PLC and related entities (see list below). The outlook is positive. About US$1.7 billion of rated debt is affected.
The upgrades reflect significant improvements over the past three years in SmithKline Beecham's business profile, in conjunction with a less aggressive than expected acquisition policy.
The business profile has benefited in recent years from successful introduction and growth of a number of new drugs. Compared to its 1994 position, the group:
-- Has a better balanced portfolio of drugs (following the mid-1994 U.S. patent ...