Moody's downgrades Abbott's ratings to Baa3 from A2; outlook stable
New York, January 05, 2017-- Moody's Investors Service, downgraded Abbott Laboratories' senior unsecured debt ratings to Baa3 from A2 following the close of its acquisition of St. Jude Medical Inc. on January 4, 2017. Moody's also downgraded Abbott's short term rating to Prime-3 from Prime-1. The Baa3 ratings on Abbott's new unsecured notes that were issued on November 17, 2016 to partially finance the St.
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