(The following statement was released by the rating agency)
CHICAGO, November 18 (Fitch) Fitch Ratings has assigned an
'A(EXP)' rating with
a Negative Rating Watch to Abbott Laboratories' (ABT, Abbott)
notes offering.
The net proceeds are expected to be used to fund the company's
acquisition of
St. Jude Medical Inc. (STJ, St. Jude). Abbott is also in the
process of
potentially acquiring Alere Inc. (Alere).
Fitch will resolve the Rating Watch as more details regarding
the transaction
become
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