Report title: Research Update: Abbott Laboratories Ratings Affirmed Following $5 Billion Buyback; Outlook Stable
from S&P Credit Research
1221 word report published Oct 13, 2008

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Abstract: On Oct. 13, 2008, Standard&Poor's Ratings Services affirmed its ratings on Abbott Laboratories, following the company's announcement of its $5 billion share repurchase program. The outlook remains stable. Abbott continues to maintain conservative financial policies, with net debt to EBITDA of 1.4x and funds from operations to debt of more than 63%. Free cash flows should remain more than adequate, given that a number of Abbott's diverse product divisions continue to generate strong double-digit sales growth. The strong investment-grade rating on Abbott Park, Ill.-based Abbott reflects the company's solid positions in a number of diverse health care segments, its strong financial profile, and its robust discretionary cash flow. Abbott continues to maintain a broad product portfolio with solid

Brief Excerpt: RESEARCH Ratings Definitions Research Update: Abbott Laboratories Ratings Affirmed Following $5 Billion Buyback; Outlook Stable Publication date: 13-Oct-2008 Primary Credit Analyst: Arthur Wong, New York (1) 212-438-7870; arthur_wong@standardandpoors.co...

Report Type: Research Update
Ticker: ABT
Issuer: Abbott Laboratories
GICS: Pharmaceuticals (35202010)
Sector: Consumer Products, Corporations, Financial Institutions, Global Issuers, Health Care
Country: United States
Region: United States
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