07.08.2013 16:58:00
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Hospira, Inc. -- Moody's assigns Ba1 to Hospira's new sr. unsecured notes; outlook negative
New York, August 07, 2013 -- Moody's Investors Service assigned a Ba1 rating to Hospira Inc.'s$700 million senior unsecured notes and new senior unsecured shelf. Proceeds will be used to repay the company's existing 5.9% notes due June 2014 and 6.4% notes due May 2015. Hospira's existing ratings (including its Ba1 CFR and SGL-3) remain unchanged. The outlook is negative.