S&P rates Zimmer notes A-

Standard & Poor's said it assigned an A- rating to Zimmer Holdings Inc.'s benchmark size offering of 10- and 30-year senior unsecured notes.

The corporate credit rating is A-.

The outlook is stable.

Proceeds are expected to be used to repay outstanding debt under the company's revolving credit facility and for general corporate purposes.

The rating reflects the company's leading position in the still growing orthopedics market and its geographic diversity, and overwhelmingly reflects its minimal financial risk profile, the agency said.

Zimmer has a relatively narrow product focus, exposing it to potential changes in pricing or treatment protocols, S&P said.

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