01.02.2016 22:43:00
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Stryker Corporation -- Moody's puts Stryker's A3 ratings on review for downgrade following news of Sage deal
New York, February 01, 2016 -- Moody's Investors Service placed Stryker Corporation's A3 unsecured note ratings on review for downgrade following the company's announcement that it plans to acquire Sage Products, LLC. for about $2.775 billion. At the same time, Moody's affirmed the company's short-term Prime-2 rating.