Fitch: Wyeth on positive watch

Fitch Ratings said it has placed Wyeth's ratings on rating watch positive following the announcement of Pfizer Inc.'s intention to acquire Wyeth.

The agency noted that Wyeth's ratings are long-term issuer default rating of A-; senior unsecured debt rating of A-; bank loan rating of A-; and short-term issuer default rating of F2.

Fitch said that Pfizer announced its intention to purchase Wyeth for about $68 billion, including Wyeth stock options.

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