New York, May 24, 2016 -- Moody's Investors Service, ("Moody's") affirmed the B1 Corporate Family Rating and B1-PD Probability of Default Rating of Akorn, Inc. Moody's also affirmed the B1 rating on the senior secured term loan, which constitutes the vast majority of the debt in the capital structure. Moody's also revised the Speculative Grade Liquidity Rating to SGL-1 (signifying very good liquidity) from SGL-2 (good liquidity). Concurrently, Moody's revised the outlook to positive from stable.
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