Medical device companies got a clean bill of health from Standard & Poor’s, but they’ll soon require a follow-up appointment. The good news from S&P’s Rating Services is that, so far in 2009, it has upgraded nearly double the amount of healthcare companies that it has downgraded.
The industry report, “North American Health Care Companies Remain Vital, But Require Observation,” says that essential medical products and services are continuing to pump up healthcare companies. However, it notes that a changing political landscape and slumping economy pose many risks to the industry.
Medical device makers St. Jude Medical and Covidien are among the strongest performers of 2009, an article in the Wall Street Journal says.
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July 2nd, 2009
