TORONTO (S&P Global Ratings) Feb. 9, 2026--S&P Global Ratings today assigned its 'A-' issue-level rating to Thermo Fisher Scientific Inc.?s new senior unsecured debt. The company intends to use the net proceeds from this issuance to pay for a portion of the cash consideration payable for the Clario acquisition and for general corporate purposes, including to fund acquisitions, refinance debt, pay working capital and capital expenditures, or repurchase its common shares. Our 'A-' issuer credit rating on Thermo Fisher continues to reflect its consistent operating results, solid organic growth prospects, and diverse product portfolio, despite an uneven macroeconomic environment over the past several quarters. While we expect the company will remain acquisitive, management has a strong operating track record that
