Viatris Inc. received notice that S&P Global Ratings downgraded its credit rating from BBB- to BB+ with a stable outlook. This change moves Viatris's credit rating from investment grade to speculative grade.
The downgrade by S&P Global Ratings indicates an increased perception of financial risk associated with Viatris. This could potentially lead to higher borrowing costs for the company in the future.
Viatris stated its intention to continue with the capital allocation plan that was described in its February 27, 2025, earnings call. This plan includes a focus on share repurchases and maintaining its dividend, despite the revised credit rating.
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