New York, November 25, 2014 -- Moody's Investors Service said that Becton, Dickinson and Company's A3 senior unsecured rating, while remaining under review for downgrade, is likely to fall to Baa2. This represents a change in Moody's prior view that Becton Dickinson's ratings would likely fall to Baa3. The revised view follows Becton's announcement that it has changed its financing plan to acquire CareFusion Corporation, using about $1.4 billion less debt than it originally disclosed (about $7.7 billion instead of about $9.1 billion). The company will use more excess cash, totaling $2.8 billion, with its equity contribution remaining the same at $1.9 billion. Moody's also confirmed Becton's short-term Prime-2 rating.

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