SMITHKLINE BEECHAM'S ASSUMPTION OF MORE THAN $5 BIL. IN DEBT IN 1994
This article was originally published in The Tan Sheet
Executive Summary
SMITHKLINE BEECHAM'S ASSUMPTION OF MORE THAN $5 BIL. IN DEBT IN 1994 has moved the company onto Standard & Poor's CreditWatch Negative list for possible downgrading of its "AA-" long-term credit rating. SB's rating was maintained after the DPS deal.