Wednesday, May 9, 2007

Moody's may cut Boston Scientific to junk status

(Reuters) - Drug-eluting stents prop open diseased arteries and emit drugs to prevent re-clogging. Use of drug-eluting stents has fallen to 69.5 percent of all stent procedures from a peak in the high 80s, according to Boston Scientific.

"We believe that Boston Scientific's drug-eluting stent sales trends will face additional uncertainty as competitive risk increases over the near term," Moody's said in a statement.


Read more at Reuters.com Bonds News

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