BHGHBoys Hope Girls Hope
BHGHBiosynthetic Human Growth Hormone (chromatography)
BHGHBacterially Synthesized Human Growth Hormone
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Deleveraging Expected: While the BHGH acquisition pressured credit metrics, Fitch expects consolidated FFO-adjusted leverage to strengthen to approximately 4.0x-4.3x by 2020, bringing metrics back in line with the current rating category.
While BKH's credit metrics remain pressured as a result of the BHGH acquisition, the ratings are supported by a low business risk profile and expectations for an improving trend in credit metrics.
--Given the BHGH acquisition and resultant increase in leverage, a positive rating action is not expected at this time.