S&P assigns Thermo Fisher notes A-

Standard & Poor's said it assigned its A- issue-level rating to Thermo Fisher Scientific Inc.'s proposed $750 million of senior unsecured notes, issued in five- and 10-year maturities.

Proceeds from the notes offering will be used to refinance existing debt, the agency said, adding that its A- corporate credit rating on Thermo Fisher reflects the company's strong business risk profile, with an industry-leading position, product and service diversity, and a modest financial risk profile.

These factors should enable the company to weather volatility in funding for life sciences research and continue to bolster its business position with sizable acquisitions without imperiling the high rating, S&P added.

© 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.