Fitch lowers Merck rating outlook to negative from stable

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November 18, 2008

Fitch lowers Merck rating outlook to negative from stable November 17th, 2008 SAN FRANCISCO (MarketWatch) — Fitch Ratings said Monday it lowered the ratings outlook for Merck & Co. to negative from stable because top-selling drugs will lose patent protection over the next few years. Fitch has a AA- rating on Merck. About $6.93 billion in debt is affected by the ratings. “Fitch’s outlook revision reflects an estimate of flat- to slightly declining revenues over the long term, as potential co
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