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Article: Korea Ratings gives B to Korea Schnell Pharma debt.
- Article from:
- ADP Debt News
- Article date:
- September 28, 2009
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(ADPnews) - Sep 28, 2009 - Korea Ratings said it assigned a B rating to the 6th bond with warrant to be issued by pharmaceuticals producer Korea Schnell Pharma Co Ltd (SEO:003060), or Schnell.
The rating reflects Schnell's improvement in operating results arising from the restructuring, weak product portfolio, insufficient cash generation and financial stability, and burden of supporting its affiliates financially. The rating outlook is "stable".
Schnell is a small-sized pharmaceutical company that has the business structure tilted heavily towards prescription drugs including antibiotics, total parenteral nutrition (TPN) solutions, and anti-obesity ...