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Fitch Affirms Johnson & Johnson's IDRs At AAA/F1+; Outlook Stable


Wednesday, 17 Apr 2013 09:59am EDT 

Johnson & Johnson announced that Fitch Ratings has affirmed Johnson & Johnson's (JNJ) long-term AAA debt ratings. The Rating Outlook is Stable. In addition, Fitch has affirmed JNJ's short-term Issuer Default Rating (IDR) at F1+. The rating action reflects Fitch's expectation that JNJ's broad-based business model will generate improving operational and financial performance. Fitch anticipates that JNJ will operate with leverage consistent with AAA rating and solid liquidity, supported by cash balances and ample access to credit markets. 

Company Quote

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19 Sep 2014