(The following statement was released by the rating agency)
LONDON, December 02 (Fitch) Fitch Ratings has revised
Germany-based
pharmaceuticals wholesaler Phoenix Pharmahandel GmbH & Co KG's
(Phoenix) Outlook
to Positive from Stable while affirming the group's Long-Term
Issuer Default
Rating (IDR) at 'BB'. Fitch has also affirmed the ratings on the
bonds issued by
Dutch finance company, Phoenix PIB Dutch Finance. B.V., at 'BB'.
The revision of the Outlook to Positive reflects Fitch's view
th
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