Moody's may upgrade Baxter

Moody's Investors Service said it placed Baxter International Inc.'s Baa1 long-term debt ratings under review for possible upgrade and affirmed its Prime-2 short-term rating following continued improvement in Baxter's operating performance.

The agency said its review will primarily consider the likelihood that organic growth and margins will be sustained at higher levels, the possible effects of ongoing delays in resolving the Colleague pump matter, the potential benefits associated with Baxter's refocus on research and development and a reinvigorated product pipeline, and Baxter's targeted capital structure and the extent to which the company will adhere to current financial policies.

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