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Fitch rates Abbott notes AA-
Fitch Ratings said it has assigned an AA- rating to Abbott Laboratories' proposed public issuance of $4 billion of senior notes.
The notes will be offered in three tranches with three-year, five-year and 10-year terms.
The outlook is stable.
Abbott's credit profile is supported by attractive growth of its well-diversified product portfolio with offerings in human pharmaceuticals, medical technology, adult and pediatric nutritionals and clinical laboratory diagnostics, the agency said. The rating also reflects the company's solid liquidity and a history of successful acquisitions, Fitch said.
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