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S&P cuts Merck's rating.
Publication: The Record (Hackensack, New Jersey) (via Knight-Ridder/Tribune Business News) Publication Date: 17-NOV-04 |
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COPYRIGHT 2004 The Record
Byline: Lewis Krauskopf
Nov. 17--A third debt-rating agency cut Merck & Co.'s rating Tuesday in the continuing fallout from the drug maker's withdrawal of the painkiller Vioxx.
Standard & Poor's reduced Merck's sterling AAA rating three notches to AA- and said the outlook for the company was negative. Moody's...
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