Moody's assigns Hospira bonds Baa3

Moody's Investors Service said it assigned a Baa3 rating to Hospira, Inc.'s proposed $250 million bond offering and a provisional Baa3 rating to the company's newly established well-known seasoned issuer senior unsecured shelf.

The outlook is stable.

Moody's said it believes that this offering will provide Hospira with greater flexibility in funding its upcoming March 2010 bond maturity.

"This financing is consistent with Hospira's commitment to debt repayment and maintenance of solid liquidity," said Diana Lee, a Moody's senior credit officer.

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