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| Prospect News home > News index > List of issuers H > Headlines for Hill-Rom Holdings, Inc. > News item |
S&P puts Hill-Rom on positive watch
S&P said it placed its ratings on Hill-Rom Holdings Inc. and its debt, including the BB+ issuer credit rating, on CreditWatch with positive implications.
“We placed our ratings on Hill-Rom and its debt on CreditWatch with positive implications to reflect the likelihood that we will raise the ratings following the close of its acquisition by Baxter. Despite the expected increase in Baxter's leverage after the transaction, we expect the issuer credit rating to remain in the investment-grade category and the rating on Hill-Rom to be equalized to Baxter's,” S&P said in a press release.
The agency said it plans to resolve the CreditWatch when the deal closes.
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