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S&P upgrades CareFusion
Standard & Poor’s said it raised the rating on CareFusion Corp.’s senior unsecured debt to BBB+ from BBB.
The agency also said it removed the ratings on CareFusion from CreditWatch, where it was placed with positive implications in October 2014.
S&P also said it withdrew the BBB corporate credit rating on CareFusion.
Becton Dickinson has completed its $12.2 billion acquisition of CareFusion, which is now deemed by S&P as a core wholly owned subsidiary of Becton Dickinson, the agency said.
The rating on CareFusion's outstanding senior unsecured debt was raised to BBB+, which is the same level as the ratings on Becton Dickinson's senior unsecured debt.
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