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Prospect News home > News index > List of issuers Z > Headlines for Zimmer Holdings, Inc. > News item |
S&P rates Zimmer loans A-
Standard & Poor's reassigned an A- senior unsecured debt rating on Zimmer Holdings Inc.'s $1.35 billion senior unsecured revolving credit facility, which was amended and restated on Nov. 30. The amended and restated facility is now due on Nov. 30, 2012.
Ratings reflect the company's leading position in the growing orthopedics market, its geographic diversity and conservative financial risk profile, S&P said.
Zimmer has a relatively narrow product focus, however, exposing it to potential changes in pricing or treatment protocols, the agency said.
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