Moody's assigns a first-time Baa3 issuer rating to Illumina; outlook stable
Rating Action: Moody's assigns a first-time Baa3 issuer rating to Illumina; outlook stable. Global Credit Research- 08 Mar 2021. NOTE: Due to an internal administrative error, the wrong version of this press release was initially published.Illumina is engaged in sequencing- and array-based solutions for genetic and genomic analysis. The company provides whole-genome sequencing, genotyping, noninvasive prenatal testing (NIPT), and product support services. Using the company's services, customers can perform whole-genome sequencing projects and microarray projects (including large-scale genotyping studies and whole-genome association studies). The company provides NIPT services through its partner laboratories that direct samples to the company on a test send-out basis in its Clinical Laboratory Improvements Amendments-certified, College of Pathologists-accredited laboratory. The company also provides support services to customers who have purchased its products.
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