Valeant can't make it right for most bank analysts anyway: either it is too positive on its earning outlook (Irina Koffler) or it quotes too many risks in its 10K by itself (same analyst: Irina Koffler), amazing.
In the end, debt re-scheduling is a good thing because it gives Valeant time to order its businesses. Obviously, it makes a big difference for people in a company if they can work things out properly or have to move in a rush and even feel nervous about their workplace. The rescheduling will give this constructive atmosphere to Valeant's staff and enables them to lift the potential of the company's products which will lead to a share price of about 50 USD (=intrinsic value).
Disclosure: I am/we are long VRX.