Moody's changes Mead Johnson outlook to developing on takeover talks with Reckitt Benckiser
New York, February 02, 2017-- Moody's Investors Service today affirmed the Baa1 senior unsecured rating for Mead Johnson Nutrition Company, and changed the rating outlook to developing from stable. This action follows the company's confirmation that it is considering a takeover offer from Reckitt Benckiser Group. The offer currently being contemplated would likely be credit positive for Mead Johnson based on Reckitt's current significantly stronger credit profile.
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