trending Market Intelligence /marketintelligence/en/news-insights/trending/hh27k7yf5cdenvqhzdxilw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Fitch upgrades Baxter's credit rating

COVID-19 Pandemic Likely To Cause US Telemedicine Boom

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Fitch upgrades Baxter's credit rating

Fitch upgraded Baxter International Inc.'s long-term credit rating by one notch to A-.

The upgrade reflects the healthcare equipment company's improving operating profile after the spinoff of its biosciences division into Baxalta in 2015.

The ratings agency said Baxter had outperformed its expectations operationally since the 2015 spinoff, reducing its debt much faster than anticipated.

Fitch said the new rating was consistent with Baxter's current financial flexibility, which gives it room to pursue moderately sized acquisitions while generating enough cash to meet its debt obligations.