Moody’s drops Abbott Laboratories debt to A2

Moody's Investors Service said it downgraded Abbott Laboratories' senior unsecured debt rating to A2 from A1.

The Prime-1 short-term rating was affirmed.

The outlook is stable.

"Abbott's financial policies have become more aggressive than in the past," Moody's senior credit officer Diana Lee said in a news release. "As a result, it will be difficult for Abbott to sustain metrics consistent with an A1 rating."

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