BANGALORE (Thomson Financial) - Moody's Investors Service confirmed and said
it will withdraw Bausch & Lomb Incorporated's 'Ba1' corporate family rating and
probability of default rating and the 'Ba1' rating on certain existing senior
unsecured notes.
The outlook was revised to stable and will be withdrawn, the rating agency
said.
The ratings on the company's senior unsecured notes due 2008, floating rate
convertible notes due 2023, medium- term notes due 2026, debentures due 2028 and
those on its medium-term note program were confirmed and withdrawn, it said.
However, the 'Ba1' rating on 60.4 mln usd senior unsecured notes due Nov 15,
2007 remains on review for possible downgrade and is expected to be withdrawn
upon the maturity of the notes, Moody's said.
Private equity firm Warburg Pincus said Friday it has completed its 3.67 bln
usd buyout of the troubled eye care products maker.
TFN.newsdesk@thomson.com
kkb/ran
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