Get the app today! Download iPhone App Download Android App

FDA E-Cigarette Ruling 'Credit Positive' For Sector, Says Moody's

Published on Jan 7 2020 11:40 AM in A-Brands tagged: Trending Posts / USA / FDA / Moody's / Vaping / Paywall / Food and Drug Administration / World News / Vapour Products

FDA E-Cigarette Ruling 'Credit Positive' For Sector, Says Moody's

The decision by the US Food and Drug Administration (FDA) to ban certain flavoured e-cigarette cartridges, subject to them being cleared by the FDA's premarket tobacco application (PMTA) process, is a 'credit positive' move in the long term for the tobacco sector, Moody's has said.

In a sector comment, Moody's noted that the ban is likely to have 'no immediate effect' on the credit quality of the tobacco companies it rates, either because they had already removed these products from sale in anticipation of the FDA's decision, or because they do not sell these products.

Regulatory Clarity

please subscribe or sign in to continue reading

image description

Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.

A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!

Share on Facebook Share on Twitter Share on LinkedIn Share via Email