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S&P boosts Fisher Scientific
Standard & Poor's said it raised its ratings on the debt of Fisher Scientific International Inc. in light of the completion of its merger with Thermo Electron Corp. to create Thermo Fisher Scientific Inc. (BBB+/positive).
The agency said that the ratings were also removed from CreditWatch, where they were placed with positive implications May 8, 2006, in anticipation of the merger's closing.
According to S&P, the rating on Fisher Scientific's senior unsecured debt was raised to BBB+ from BBB- and the rating on the company's subordinated debt was raised to BBB from BB+.
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