New York, June 06, 2016 -- Moody's Investors Service downgraded the senior unsecured long-term ratings of Baxalta Incorporated ("Baxalta") to Baa3 from Baa2, concluding a rating review initiated on January 11, 2016. At the same time, Moody's withdrew the Prime-2 rating on Baxalta's commercial paper program due to the program's termination. These rating actions follow the acquisition of Baxalta by Shire plc ("Shire") on June 3, 2016.
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