New York, February 16, 2016 -- Moody's Investors Service, ("Moody's") today placed the ratings of Physio-Control International, Inc. (Physio-Control) under review for upgrade, including the company's B2 Corporate Family Rating and B2-PD Probability of Default Rating. This action follows the announcement that Stryker Corporation (A3, ratings under review for downgrade) has entered into a definitive agreement to acquire Physio-Control in an all-cash deal valued at approximately $1.28 billion.
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