NEW YORK (GenomeWeb) – Fitch Ratings said today that it has granted a BBB rating to Thermo Fisher Scientific's seven-year senior notes offering with a Stable rating outlook.

The rating agency said it expects the company to use the proceeds of the issue to redeem the outstanding $1 billion principal amount of its 2.25 percent senior notes due August 15. The ratings apply to $12.5 billion of debt as of Dec. 31, 2015.

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