资源描述：
《穆迪-信贷-信贷展望：新闻和分析-20170824-credit outlook news ＆ analysis-moody’s》由会员上传分享，免费在线阅读，更多相关内容在行业资料-天天文库。
1、24AUGUST2017NEWS&ANALYSISRECENTLYINCREDITOUTLOOKCorporates2»ArticlesinLastMonday’sCreditOutlook14»TalcumPowderJuryAwardAgainstJohnson&JohnsonIs»GotoLastMonday’sCreditOutlookCreditNegative»Herbalife’sPlannedShareRepurchaseIsCreditNegative»KellermeyerBergensonsServic
2、es’PurchaseofVarsityFacilityClickhereforWeeklyMarketOutlook,oursisterpublicationcontainingServicesIsCreditPositiveMoody’sAnalytics’reviewofmarketactivity,financialpredictions,and»Korea’sPlantoRaiseMobileTariffDiscountRateIsCreditthedatesofupcomingeconomicreleases.N
3、egativeforCarriersInfrastructure8»Sempra’sAcquisitionofOncorCarriesCreditChallengesthatOutweighDiversificationBenefitsBanks9»BankofCyprus’NeedforIncreasedProvisionsandReducedCapitalIsCreditNegative»OmaniBanksWillBenefitfromRisingInterestRatesMOODYS.COMNEWS&ANALYSIS
4、CreditimplicationsofcurrenteventsCorporatesTalcumPowderJuryAwardAgainstJohnson&JohnsonIsCreditNegativeMichaelLevesqueSeniorVicePresidentOnMonday,aCaliforniajuryorderedJohnson&Johnson(J&J,Aaastable)topay$417millionindamages+1.212.553.4093toawomanwithovariancancer,fi
5、ndingthatJ&Jhadfailedtowarnaboutthehealthrisksofusingtalcummichael.levesque@moodys.compowder.Eventhoughtheawardislikelytobereduced,itiscreditnegativeforJ&J,whichfacesarisingnumberoftalcum-relatedlawsuitsandcashoutflowsthatwillreduceliquidity.Thatsaid,J&J’sliquidity
6、isexcellent,withroughly$13billionofcashandinvestmentsasof2July2017.J&J’screditmetricsarealsostrong,withlowgrossdebt/EBITDAof1.6x.Thejuryawarded$70millionofcompensatorydamagesand$347millionofpunitivedamages.The63-yearoldplaintiffdevelopedovariancancerin2007,afterusi
7、ngJohnson’sBabyPowderfor40years,accordingtotestimony.J&Jannouncedthatitwouldappealtherulingbasedonscience,includingtheviewsofaphysicianeditorialboardattheNationalCancerInstitute.TheCaliforniarulingfollowsmixedresultsinothertalc-relatedlawsuitsagainstJ&J.Recentjuryt
8、rialsinaMissouristatecourtwentagainstJ&J,withawardsof$55-$110.5millionforeachoffourplaintiffs.J&Jisappealingthoseoutcomes.However,alawsuitinaNewJ
