Fitch affirms Thermo Electron

Fitch Ratings said it has affirmed Thermo Electron's issuer default rating, bank loan and senior unsecured debt ratings at BBB+ and subordinated debt rating at BBB.

These ratings are a result of the announcement of the proposed merger with Fisher Scientific International in a tax-free, stock-for-stock exchange, the agency said.

The outlook is stable.

Fitch said it believes that Thermo's credit profile will remain consistent with the current credit rating category upon consummation of the merger with Fisher.

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