New York, March 17, 2015 -- Moody's Investors Service downgraded Becton, Dickinson and Company's (Becton) senior unsecured ratings to Baa2 from A3, following the announcement that Becton has closed its acquisition of CareFusion Corporation (CareFusion). The downgrade reflects the material rise in leverage and increased exposure to US hospital capital equipment that is subject to soft sales trends. All provisional (P)Baa2 ratings Moody's assigned to Becton in December 2014 will convert to a definitive Baa2 rating. Moody's also affirmed Becton's Prime-2 commercial paper rating. The rating outlook is stable. This concludes Moody's rating review that was initiated on October 6, 2014.

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