BAT bolsters credit story with FDA vape submission
British American Tobacco won an approving nod from Moody’s for beating the competition in submitting a regulatory application in the US for vaping products.
Regular debt market user BAT, operating through its Reynolds American subsidiary, has submitted a Premarket Tobacco Product Application to the US Food and Drug Administration (FDA) to gain permission to keep its vaping products in the US market after May 2020, the first of the major tobacco companies ...
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