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Published on 7/7/2006 in the Prospect News Biotech Daily.

Fitch affirms Pfizer IDR at AAA

Fitch Ratings has affirmed Pfizer Inc.'s AAA issuer default rating (IDR) and senior unsecured debt ratings, and F1+ short-term debt.

Simultaneously, Fitch has initiated an AAA bank loan rating.

The outlook remains stable.

Pfizer's credit profile is supported by its exceptional liquidity, strong balance sheet and conservative financial strategy, Fitch noted.


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