Announcement: Moody's: Viatris' biosimilars transaction is credit positive but tempered by core earnings pressure and ongoing cash outlaysGlobal Credit Research - 28 Feb 2022New York, February 28, 2022 -- Moody's Investors Service commented that Viatris Inc.'s formation of a biosimilars partnership with Biocon Limited is credit positive for Viatris, based on a substantial cash inflow of $2 billion that will facilitate debt reduction. However, ongoing earnings pressures in Viatris' core business mitigate the impact on the company's credit profile. In addition, the company's business profile is in flux as additional operations are likely to be monetized over the next 12 to 18 months. There is no impact on Viatris' Baa3 senior unsecured rating or stable outlook.For additional information please see Moody's Issuer Comment on Viatris Inc. available on www.moodys.com.Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history. Michael Levesque, CFA Senior Vice President Corporate Finance Group Moody's Investors Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. 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