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Published on 6/17/2022 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

Fitch upgrades Becton, Dickinson

Fitch said it upgraded Becton, Dickinson & Co.'s (BDX) long-term issuer default rating to BBB from BBB-.

“The upgrade is driven by BDX's successful debt repayment post-C.R. Bard transaction and the company's proven operating strength, supported by its leading hospital market positions and end-market reach. The rating actions apply to approximately $17.6 billion of debt as of Sept. 30, 2021,” Fitch said in a press release.

The outlook is stable.


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