Moody's says Pfizer's U.S. COVID-19 vaccine authorization is credit positive
Reuters
Published Dec 13, 2020 01:06PM ET
(Reuters) - Rating agency Moody's (NYSE:MCO) Investors Service said on Sunday that Pfizer Inc (NYSE:PFE)'s U.S. COVID-19 vaccine authorization is credit positive.
"The approval is credit positive because of incremental profit and cash flow from sales of the vaccine," Moody's said https:// "The revenue and profit opportunities for Pfizer are significant because it has priced the vaccine at a profit."
The Pfizer/BioNTech vaccine in a large clinical trial was 95% effective in preventing illness. U.S. regulators late on Friday authorized emergency use of the vaccine, following similar moves by the UK and Canada.
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Written By: Reuters
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