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Published on 9/12/2012 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

Moody's could cut Becton, rates loan A2

Moody's Investors Service said it placed Becton, Dickinson and Co.'s A2 long-term and Prime-1 short-term ratings under review for downgrade.

Moody's also assigned an A2 rating to Becton, Dickinson's new $1 billion five-year revolving credit facility and a provisionalA2 senior shelf rating to its new shelf and placed these ratings under review for downgrade.

Moody's said the review is based on its concern that cash flow levels are not likely to improve sufficiently to offset higher debt levels.


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