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26.03.2015 23:19:00
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Baxter International Inc. -- Moody's puts Baxter's ratings (A3/P-2) on review for downgrade as separation nears
New York, March 26, 2015 -- Moody's Investors Service put Baxter International, Inc.'s long-term A3 and short-term Prime-2 ratings on review for downgrade as the company gets closer to the July 1, 2015 date anticipated for the separation of its bioscience business into a new publicly traded company to be named Baxalta. The ratings are on review for downgrade based on Moody's belief that post-separation, Baxter's smaller, less diverse, and lower margin business could result in a credit profile that is no longer sufficient to maintain its A3 rating.
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