Published On: April 26th, 2021Categories: Trade Ideas
Steris PLC (Baa2 Stable/BBB- Stable) is a uniquely positioned sterilization company. The company recently came to the market with an inaugural 10- year benchmark. Its credit profile is supported by a conservative financial policy. While the company reiterates its commitment to maintaining an investment grade rating, we think it is an attractive opportunity to be positioned in a deleveraging story in the US healthcare industry. Demand for sterilization products should continue to grow along with the demographic trends, likely fueling increased healthcare needs.
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