Fitch rates Amgen notes A

Fitch Ratings said it assigned an A rating to Amgen Inc.'s public issuance of senior unsecured debt, comprising 10-year and 30-year senior unsecured notes.

The outlook is stable.

Proceeds from the new senior unsecured debt are expected to be used to redeem all or some of Amgen's senior floating-rate notes due November, the agency noted.

Fitch said it rates Amgen's other debt categories as follows: issuer default rating at A, bank loans at A and commercial paper at F1.

Amgen's ratings reflect strong liquidity which was provided by full capacity under its $2.5 billion credit facility maturing November 2012 and cash and short-term investments of $8.6 billion at the end of the first quarter of 2008, Fitch noted.

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