Fitch affirms CareFusion

Fitch Ratings said it affirmed CareFusion Corp.'s issuer default rating at BBB, senior unsecured bank facility at BBB, senior unsecured notes at BBB, short-term issuer default rating at F2 and commercial paper rating at F2.

The outlook is stable.

The ratings reflect the company's business model that is generating moderate organic growth, despite relatively weak capital spending trends at hospitals and a challenging economic/employment environment, Fitch said.

Improving margins and stable debt levels have reduced leverage, the agency said.

Fitch said it expects the company will further expand its operations outside of the United States, particularly in Europe, where it currently has a limited market presence.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.