BRIEF-Moody's affirms Valeant's rating including B2 CFR with negative outlook

Tue Jun 7, 2016 4:14pm EDT
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June 7 (Reuters) - Moody's

* Affirmation reflects good cash flow and expectation that discretionary cash flow will be used for debt repayment

* Affirmation reflects good margins despite erosion in net pricing levels, global presence with well-respected brands including Bausch & Lomb

* Negative outlook reflects uncertainty that underlying trends have stabilized and that company will meet its near-term debt repayment targets

* Negative outlook also reflects the potential that certain scenarios of business restructuring would be credit negative

* Affirms Valeant's rating including B2 CFR; negative outlook Source text : ( (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)