Fitch gives Thermo Fisher loan BBB+

Fitch Ratings said it affirmed Thermo Fisher Scientific Inc.'s issuer default rating at BBB+.

Simultaneously, Fisher Scientific Inc.'s issuer default rating and senior unsecured debt have been upgraded to BBB+ from BBB- and Fisher's subordinated debt rating to BBB from BB+.

Fitch said it also removed Fisher's ratings form rating Watch positive where they were placed on May 8.

The outlook is stable.

Fitch added it has also assigned a BBB+ rating to Thermo Fisher's new $1 billion five-year credit facility.

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