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Commentary & Deal Flow

RATED: S&P/Fitch rate Teva US$/EUR sr notes BB/BB+

HYC US Market: Deal Flow - GeneralHYC European Market: Deal Flow - General

S&P/Fitch rate Teva Pharmaceutical Finance Netherlands II BV/Teva Pharmaceutical Finance Netherlands III BV/Teva Pharmaceutical Finance Netherlands IV BV (TEVA) approx US$2bn equivalent (US$/EUR) SEC registered sr notes 3-part BB/BB+ (positive/stable, revised from positive). Fitch also upgraded the l-t issuer default rating and existing sr unsec rating to BB+ from BB