Fitch Places St. Jude Medical on Rating Watch Negative

CHICAGO–(BUSINESS WIRE)–Fitch Ratings has placed St. Jude Medical, Inc. (STJ, St. Jude) on Rating Watch Negative. The rating action follows Abbott Laboratories’ (ABT, Abbott) announcement of its intention to acquire St. Jude. Fitch will resolve the Rating Watch as more details regarding the transactions become available. However, given the currently available information and assuming Abbott acquires both Alere and St. Jude, Fitch will likely downgrade St. Jude to ‘BBB’. St. Jude had approxima
Source: BusinessWire-Primary

Fitch Places St. Jude Medical on Rating Watch Negative