Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers S > Headlines for Stryker Corp. > News item |
Moody’s revises Stryker view to stable
Moody’s Investors Service said it affirmed Stryker Corp.’s Baa1 senior unsecured and issuer ratings and revised the outlook to stable from negative.
The outlook revision reflects the reduced risk of a sustained increase in Stryker’s leverage. As evidenced in recent months, when lock-down measures were lifted, patients returned to healthcare providers for elective procedures, the agency said.
Stryker reported year-over-year organic revenue growth of 3.3% in the third quarter, despite the ongoing pandemic. “This supports Moody’s view that elective procedures, such as large-joint replacements, may be deferred for some time, but that most will ultimately occur,” the agency said in a press release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.