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Endo Finance Co. -- Moody's downgrades Endo's secured debt to Ba3, unsecured notes to Caa1; B2 CFR affirmed

Moody's Investors Service ("Moody's") downgraded the senior secured ratings of Endo Luxembourg Finance I Company S.à.r.l. Moody's also assigned a Ba3 rating to the proposed secured revolving credit facility and to the proposed secured notes being issued by Par Pharmaceuticals, Inc., a subsidiary of Endo. The notes will have the same upstream and downstream guarantees as Endo's other secured debt.