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| Prospect News home > News index > List of issuers H > Headlines for Hill-Rom Holdings, Inc. > News item |
S&P ups Hill-Rom
S&P said it raised Hill-Rom Holdings Inc.’s issuer and unsecured debt ratings to BBB from BB+ and removed the ratings from CreditWatch with positive implications.
The upgrade follows investment-grade rated Baxter International Inc. completing its acquisition of Hill-Rom, the agency said.
S&P said it withdrew the ratings of the notes that were redeemed and plans to withdraw the ratings on Hill-Rom's 4.375% senior unsecured notes and 6.75% unsecured debentures upon redemption, expected in January 2022.
The agency said it plans to keep the BBB rating on Hill-Rom’s 7% debentures due 2024.
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