St. Jude Medical Inc. Ratings Removed From CreditWatch Negative

Stocks and Financial Services Press Releases Tuesday April 17, 2018 12:22
TORONTO--17 Apr--S&P Global Ratings

TORONTO (S&P Global Ratings) April 17, 2018—S&P Global Ratings said today that it had removed its 'BBB' issuer credit rating and debt issue ratings on St. Jude Medical Inc. from CreditWatch with negative implications.

On Aug. 18, 2017, we affirmed and removed the 'BBB' issuer credit and senior unsecured debt ratings from CreditWatch with negative implications on St. Jude's parent company Abbott Laboratories. Due to an error, we did not remove the CreditWatch listing on the ratings on St. Jude following the rating actions on the parent in August 2017. We consider St. Jude as a core member of the Abbott group following its acquisition by Abbott in January 2017. In accordance with our criteria, the issuer credit rating on St. Jude should be equivalent to the rating on Abbott and its core subsidiaries.

Latest Press Release

Leveraging synergy with MUFG, Krungsri holds seminar to provide insight into global markets, building immunity for business customers

Krungsri (Bank of Ayudhya PCL) exclusively organized an online seminar entitled “Building Business Immunity From Covid-19” for Krungsri Business customers from large corporate companies, financial institutions, and Japanese corporate and...

MOAC collaborates with the private sector to form 3,000 Smart Farming Hedge Funds for farmers

“Agriculture in Thailand is one of the main drives of economic development of Thailand also grassroots of food for the security of the country and to the world. As the majority of Thais in the agricultural industry, MOAC has the policy to create a...

Innotech Asset Management to launch a new Thai ESG equity fund IPO

Innotech Asset Management has today announced the launch of a new sustainable Thai equity fund, and has selected Arabesque Asset Management, a global asset management firm, as its portfolio investment advisor. The 'Innotech Sustainable Thai Equity...

Boxing Champion Manny Pacquiao's PAC Token Set to List on Licensed Virtual Currency Exchange in the Philippines

Global Crypto Offering Exchange (GCOX) today announced the signing of a strategic partnership with COEXSTAR Exchange, a BSP-licensed Virtual Currency Exchange in the Philippines. With the collaboration in place, PAC Token (PAC) - the digital currency of...

Despite Global Pandemic and Recession - 4ARTechnologies is the First Start-up to Fulfil Its ICO Promises With Innovative Product Release and Exchange Listing

Following the implementation of Apple recommendations, the Swiss company 4ARTechnologies launches the next version of the 4ARTapp, the art innovation that already has customers in over 60 countries, and has now successfully placed its cryptocurrency...

Related Topics