S&P upgrades Sigma-Aldrich

Standard & Poor's said it raised its ratings, including its corporate credit rating, on Sigma-Aldrich Corp. to A+ from A. At the same time, S&P said it affirmed its A-1 short-term rating on the company.

The outlook is stable.

The upgrade reflects S&P's expectation that Sigma-Aldrich will continue to demonstrate a financial policy and operating performance that support credit metrics appropriate for the A+ corporate credit rating, the agency said.

"We anticipate that management will be prudent in the manner in which it executes its plans for bolt-on acquisitions and shareholder rewards, which we believe are important components of the company's strategy," said S&P credit analyst Paul Kurias in a news release. "Specifically, we believe that Sigma-Aldrich has the capacity to maintain a modest financial risk profile with the key ratio of funds from operations to total adjusted debt in the 50% to 60% range."

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