Abbott Laboratories (ABT) Credit Rating Cut to 'BBB' from 'A+' at S&P Following St. Jude Closing Jan 4, 2017 05:51PM

S&P Global Ratings today lowered its corporate credit and senior unsecured debt ratings on Abbott Laboratories (NYSE: ABT) to 'BBB' from 'A+'. The ratings remain on CreditWatch, where they were placed with negative implications on Feb. 1, 2016, following the announcement of the Alere Inc. acquisition.

At the same time, we lowered our short-term corporate credit and commercial paper ratings on Abbott to 'A-2' from 'A-1+' and maintained the ratings on CreditWatch with... (continue reading...)


Broadcom (AVGO) Credit Rating Raised to BBB- from 'BB+ at S&P; Outlook Stable Dec 22, 2016 04:42PM

S&P Global Ratings today said it raised its corporate credit rating on Singapore-based Broadcom Ltd. (NASDAQ: AVGO) to 'BBB-' from 'BB+'. The outlook is stable.

At the same time, we affirmed the 'BBB-'issue level ratings on the company's secured debt and the 'BB+' issue level ratings on the unsecured notes. We are withdrawing the recovery ratings in accordance with our methodology for investment-grade ratings.

"We base our upgrade on the expectation that Broadcom's... (continue reading...)


AmerisourceBergen (ABC) Rating Outlook Raised to Stable from Negative Dec 16, 2016 02:58PM

Fitch Ratings has affirmed the ratings of AmerisourceBergen Corp. (NYSE: ABC), including the Long-Term Issuer Default Rating (IDR) at 'A-'. The Rating Outlook is revised to Stable from Negative.A full list of rating actions, which apply to approximately $4.2 billion of debt outstanding at Sept. 30, 2016, follows at the end of this release.KEY RATING DRIVERSStable Operations, Low MarginsThe credit profiles of ABC and its peers benefit from stable operating profiles and... (continue reading...)


Allergan (AGN) Ratings, Outlook Affirmed by Fitch Dec 8, 2016 04:16PM

Fitch Ratings has affirmed the ratings of Allergan plc (Allergan; NYSE: AGN) and subsidiaries at 'BBB-'. The Rating Outlook is Stable.

A full list of rating actions, which apply to approximately $32.8 billion of debt outstanding at Sept. 30, 2016, follows at the end of this release.

KEY RATING DRIVERS

Scaled and Growing

Allergan is among the largest pharmaceutical companies in the world, with a diversified, durable, and growing product portfolio and a strong product... (continue reading...)


Fitch Affirms Ratings on Caterpillar (CAT) Dec 8, 2016 03:44PM

Fitch Ratings has affirmed the Issuer Default Ratings (IDR) at 'A' and revised the Rating Outlook to Negative from Stable for Caterpillar Inc. (NYSE: CAT), Caterpillar Financial Services Corporation (CFSC), and certain of CFSC's subsidiaries. A full list of rating actions follows at the end of this release.

NEGATIVE OUTLOOK

The revision to Negative reflects the impact of the extended downturn in CAT's machinery markets and an increased risk that the company could face... (continue reading...)


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