BRIEF-Moody's downgrades certain Valeant ratings including CFR to B2

Thu Mar 31, 2016 3:11pm EDT
 
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March 31 (Reuters) - Moody's:

* Downgrades certain Valeant ratings including CFR to B2 from B1

* Downgrade of CFR of Valeant reflects operating headwinds, CEO, board changes during elevated financial leverage, regulatory scrutiny

* B2 CFR reflects view that Valeant's cash flow is solid, unlikely to face any near-term payment defaults absent a debt acceleration scenario Source text bit.ly/1RPY7DN Further company coverage: