Moody's Upgrades Ratings For Wyeth
NEW YORK (AP) Moody's Investors Service upgraded the senior unsecured ratings of Wyeth, citing the execution of an outstanding bonds agreement with Wyeth.
Moody's upgraded the rating to A1 from A3, both of which are upper medium-level investment grade. Moody's said the outlook for Wyeth is stable. "The upgrade of Wyeth's ratings is based on the execution of an unconditional and irrevocable guarantee of Wyeth's outstanding bonds from Pfizer," Moody's said, in a statement. On Oct. 15, Pfizer Inc. completed its $68 billion buyout of rival Wyeth.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
