Where does Perrigo rank?

Perrigo currently holds a BB credit rating. This rating indicates its standing in terms of creditworthiness and capacity to meet financial obligations.

Understanding Perrigo's Credit Rating

A BB rating signifies that the entity is considered to have significant speculative elements. While it demonstrates sufficient capacity to meet financial commitments under most circumstances, it is generally more vulnerable to adverse economic conditions or changing circumstances compared to investment-grade ratings.

Historically, Perrigo held an investment-grade rating of BBB-. A BBB- rating suggests adequate capacity to meet financial commitments, but it is the lowest investment-grade rating, implying that adverse conditions are more likely to impact its capacity compared to higher-rated entities. The transition from BBB- to BB indicates a shift from investment-grade to non-investment-grade status.

Perrigo's Credit Rating History

The following table details Perrigo's recent credit rating history:

This history shows that the credit rating was affirmed at BBB- on March 5, 2021. More recently, as of October 31, 2024, the rating has moved to BB, with a "Review - No Action" taken at that time, meaning the BB rating was maintained after review.