Valeant's Bond Yields Are Signaling More Trouble Ahead: Chart

Valeant Analyst: More Bad News to Come

Credit markets are bracing for more trouble ahead for Valeant Pharmaceuticals International Inc. Owners of the company’s biggest bonds are demanding yields that are almost 2 percentage points more than the average for other junk debt with similar ratings, Bank of America Merrill Lynch index data show. Standard & Poor’s has warned it may lower its B+ rating for Valeant and send it deeper into junk. Moody’s Investors Service, after lowering its grade this week, warned it could cut it again.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE