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BRIEF-Moody's Says U.S. Pharmaceutical Companies' Cash Holdings Set To Decline Under New Tax Law
January 9, 2018 / 2:27 PM / 7 days ago

BRIEF-Moody's Says U.S. Pharmaceutical Companies' Cash Holdings Set To Decline Under New Tax Law

Jan 9 (Reuters) - Moody’s

* MOODY‘S SAYS U.S. PHARMACEUTICAL COMPANIES’ CASH HOLDINGS SET TO DECLINE UNDER NEW TAX LAW

* MOODY‘S - U.S. PHARMACEUTICAL COS TO REVISE THEIR CAPITAL ALLOCATION PLANS, WITH ACCUMULATED CASH BEING USED FOR ACQUISITIONS, PAYOUTS, MODEST DEBT REDUCTION

* ‍MOODY‘S SAYS EXPECTS DEBT REDUCTION TO BE MODEST, SINCE MOST U.S. DRUG MANUFACTURERS DON‘T HAVE LARGE DEBT BURDENS

* MOODY‘S SAYS SHAREHOLDER PAYOUTS BY U.S. PHARMACEUTICAL COS WILL RISE UNDER NEW TAX LAW Source text for Eikon:

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