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Fitch Affirms Bio-Rad Ratings At BBB-

NEW YORK (GenomeWeb) – Fitch Ratings today affirmed the ratings of Bio-Rad Laboratories, including the issuer default rating, at BBB- .

Additionally, Fitch assigned a BBB- rating to the firm's senior unsecured bank notes and its senior unsecured bank facility and said that Bio-Rad's rating outlook is stable.

The ratings apply to approximately $437 million of debt at Sept. 30, 2014.

Bio-Rad recently settled bribery investigations by the US Department of Justice and the US Securities and Exchange Commission pertaining to past violations of the Foreign Corrupt Practices Act. In Q4 2014 the company will pay $55 million in penalties comprising a $14.4 million penalty under a non-prosecution agreement and a $40.7 million civil settlement. The full cost of litigation is easily manageable given Bio-Rad's solid liquidity, Fitch said in a statement.

Fitch also noted that it sees sustained revenue growth for Bio-Rad in the 2 to 3 percent range and overall sales increases from clinical diagnostics in the 2 to 3 percent range over the ratings horizon.

The Scan

Interfering With Invasive Mussels

The Chicago Tribune reports that researchers are studying whether RNA interference- or CRISPR-based approaches can combat invasive freshwater mussels.

Participation Analysis

A new study finds that women tend to participate less at scientific meetings but that some changes can lead to increased involvement, the Guardian reports.

Right Whales' Decline

A research study plans to use genetic analysis to gain insight into population decline among North American right whales, according to CBC.

Science Papers Tie Rare Mutations to Short Stature, Immunodeficiency; Present Single-Cell Transcriptomics Map

In Science this week: pair of mutations in one gene uncovered in brothers with short stature and immunodeficiency, and more.