S&P assigns Becton Dickinson notes BBB

S&P said it assigned its BBB issue-level rating to Becton Dickinson & Co.'s planned senior unsecured notes.

The agency most recently reviewed the issuer’s BBB long-term issuer and senior unsecured rating on March 24.

The company will use the proceeds and cash on hand, to fund the purchase of its outstanding securities, as per its announced tender offers.

“We view the transaction as leverage neutral,” S&P said in a press release.

The outlook is stable.

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