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Fitch lowers Merck ratings after Schering purchase

Source: Palm Beach Post
Burlington : NC : USA | 23 days ago  
Views: 1
  • Burlington Northern Santa Fe logo is seen on a train in Cicero
    Burlington Northern Santa Fe logo is seen on a train in Cicero
    Source: Reuters
  • Burlington Northern Santa Fe trains make their way through a rail yard in Chicago
    Burlington Northern Santa Fe trains make their way through a rail yard ...
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  • Burlington Northern Santa Fe trains make their way through a rail yard in Cicero
    Burlington Northern Santa Fe trains make their way through a rail yard ...
    Source: Reuters
  • Burlington Northern Santa Fe trains make their way through a rail yard in Cicero Illinois
    Burlington Northern Santa Fe trains make their way through a rail yard ...
    Source: Reuters
Burlington Northern Santa Fe logo is seen on a train in Cicero
A day after drugmaker Merck & Co. completed its $41.1 billion purchase of rival Schering-Plough Corp., Fitch Ratings Service on Wednesday cut its ratings on Merck and upgraded Schering-Plough. Fitch downgraded Merck's issue default rating by one notch, to A+ from AA-, and also lowered its senior...
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