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Fitch Downgrades St. Jude Medical; Rates Notes Offering 'A-'

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has downgraded St. Jude Medical, Inc.'s (STJ/St. Jude) long-term ratings to 'A-' from 'A', and its short-term rating to 'F2' from 'F1'. The ratings are removed from Negative Rating Watch, and assigned a Stable Outlook. See the full list of rating actions at the end of this release. Fitch has also assigned an 'A-' rating to the company's $1.5 billion notes offering, which will be used to partly fund its recently announced $3.4 billion cash acquisition of T

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