Standard & Poor's Upgrades Mylan

Mylan Inc. MYL today reported that Standard & Poor's Ratings Services upgraded the company's corporate credit ratings to 'BB+' from 'BB.' S&P also upgraded Mylan's senior secured rating to 'BBB' from 'BBB-' and raised the company's senior unsecured rating to 'BB' from 'BB-'.

Additionally, S&P affirmed its recovery ratings on Mylan's senior secured credit facility and senior unsecured debt as '1' and '5' respectively. S&P stated that its outlook on the company remains stable.