Johnson & Johnson

NYSE:JNJ   3:59:58 PM EDT
157.08
-1.00 (-0.63%)
4:56:39 PM EDT: $157.31 +0.23 (+0.15%)
Debt Financing / Related, Debt Ratings

Moody's Says J&J's Consumer Products Separation Is Credit Negative

Published: 11/12/2021 13:36 GMT
Johnson & Johnson (JNJ) - Moody's Says J&j's Consumer Products Separation is Credit Negative.
Moody's Says Significant Scale Across J&j's 3 Major Business Units -- Which Includes Pharmaceuticals and Medical Devices -- Remained Underpinning of Aaa Rating.
Moody's Says Positive Elements of J&j's Planned Consumer Products Separation Include Higher Growth Rates of Remaining Businesses, Reduced Organizational Complexity.
Moody's Says Positive Elements of J&j's Planned Consumer Products Separation Include More Efficient Capital Allocation.
Moody's Says J&j's Talc Legal Liabilities and Unresolved Opioid Litigation Continue to Represent Overhang to J&j's Otherwise Excellent Credit Quality.