...+ Netherlands-based health tech-focused group Koninklijke Philips' (Philips) credit metrics should improve in 2017-2018 following the disposal of Lumileds. + Additionally, the solid free operating cash flow generation of the health tech business supports our view that the financial risk profile of the group has improved. + We are however removing ratings uplift for industrial diversification as lighting is no longer viewed as a core business for Philips. + We are therefore affirming our '###+/A-2' long- and short-term corporate credit ratings on Philips and our '###+' and 'A-2' issue ratings on the senior unsecured debt. + The stable outlook reflects our view that Philips' operating performance should remain stable, driven by the positive growth prospects of the health tech business. LONDON (S&P Global Ratings) Dec. 16, 2016--S&P Global Ratings today said it has affirmed its '###+/A-2' long- and short-term corporate credit ratings on health tech-focused group Koninklijke Philips N.V. (Philips)....
