TORONTO (S&P Global Ratings) Nov. 28, 2023--S&P Global Ratings today assigned its 'A-' issue-level rating to Waltham, Mass.-based life sciences company Thermo Fisher Scientific Inc.'s senior unsecured debt, which it will issue in multiple tranches with maturities ranging from 2026 through 2034. 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. Our 'A-' issuer credit rating on Thermo Fisher continues to reflect its consistent 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 S&P Global Ratings-adjusted debt leverage of
