Pricing and Reimbursement in Russia - Big Pharma Take Advantage of Reimbursement for Costly Drugs Through the DLO's Seven Nosologies Program
- Language: English
- 53 Pages
- Published: April 2012
- Region: Russia
The Russian car retailer Rolf Group has announced an exchange offer for the outstanding notes of its financing vehicle Colgrade. We view this as a distressed exchange offering under our ratings criteria. We are lowering our corporate credit rating on Delance Ltd., the holding company of Rolf, to 'CC' from 'CCC+'. The negative outlook reflects our expectation that we will lower the corporate credit rating to 'SD' and the affected issue rating to 'D' on completion of the offer. On Sept. 25, 2009, Standard & Poor's Ratings Services lowered its long-term corporate credit rating on Delance Ltd., the holding company of Russian car retailer Rolf Group (Rolf), to 'CC' from 'CCC+'. The outlook is negative. At the same time, the...
Companies mentioned in this report are:
- Delance Ltd.
- Mitsubishi Corp.
Action: Outlook: Negative
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Product Type: Research Update
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