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Published on 3/25/2015 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

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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