New York, July 14, 2016 -- Moody's Investors Service, ("Moody's") changed the rating outlook of Medtronic, Inc. and Covidien International Finance S.A. (rated entities of Medtronic plc) to stable from negative. At the same time, Moody's affirmed Medtronic's A3 senior unsecured and Prime-2 short-term ratings.

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