- Language: English
- Published: May 2013
- Region: Romania
Summary: Bausch & Lomb Inc. May 11
- Published: May 2011
- Standard & Poors
The speculative-grade rating on Rochester, N.Y.-based Bausch & Lomb Inc. reflects Standard & poor's Ratings Services' expectations that EBITDA and cash flow will continue to improve, largely as a result of restructuring efforts; in addition to reducing run-rate operating expenses, one time restructuring costs have largely been expended. Notwithstanding the resulting improvement in financial metrics, we expect the company's financial risk profile to remain highly leveraged in the near term; debt leverage has been high since the company's acquisition by Warburg Pincus in October 2007. The company's fair business risk profile reflects its lackluster performance over the past few years, although strong growth in pharmaceutical sales has offset declines in the vision care and surgical business segments. Total revenue growth...
Companies mentioned in this report are: Bausch & Lomb Inc.
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Bausch & Lomb Inc.