Thermo Fisher Scientific Inc.'s ¥110.1 Billion Multi-Tranche Senior Unsecured Debt Rated 'A-'

TORONTO (S&P Global Ratings) Oct. 17, 2022--S&P Global Ratings today assigned its 'A-' issue-level rating to Waltham, Mass.-based life sciences company Thermo Fisher Scientific Inc.'s ¥110.1 billion (roughly $740 million) multi-tranche senior unsecured debt with maturities ranging from 2025 through 2052. The company intends to use the net proceeds from this issuance for general corporate purposes, including to fund acquisitions, refinance its debt, or repurchase its common shares. We raised our ratings on Thermo Fisher earlier this year to reflect its consistently strong operating results, solid organic growth prospects, and diverse product portfolio. While we expect the company will remain acquisitive, management has a strong operating track record that will likely enable it to maintain long-term S&P Global Ratings-adjusted debt

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