New York, August 10, 2016 -- Moody's Investors Service, ("Moody's") assigned a Baa2 to Baxter International Inc.'s new senior unsecured note offering. Proceeds from this offering will be used to refinance commercial paper borrowings and remaining portions of various debt tranches that mature through 2023. Earlier this year, Baxter had already retired significant portions of these tranches. There is no change to Baxter's existing senior unsecured or Prime-2 ratings. The rating outlook is stable.

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