Friday, October 21, 2016

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And our diagnostics businesses, both in immuno-assay, in clinical chemistry, in hematology, in blood screening, in point-of-care. And then to be followed in molecular diagnostics. And that's an unprecedented pipeline move that we will see that roll out over years now. They are beginning to launch in Europe. We've gotten approvals to go. So we're in an unprecedented launch phase that I think sustains the global diagnostics business across the board for years to come. And no other competitor is in a position to say that. And I think that the value proposition, the performance proposition, the economic proposition of those systems was well thought out, well designed. They were unveiled and shown at the recent AACC meeting in the United States, to great reception.

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RATING SENSITIVITIES The ratings assigned to the preferred shares may be sensitive to material changes in the leverage level or composition, portfolio credit quality or market risk of the fund, as described above. A material adverse deviation from Fitch guidelines for any key rating driver could cause ratings to be lowered by Fitch. Any future changes to terms that weaken the structural protections may have negative rating implications. Any future changes to terms that weaken the structural protections may have negative rating implications. A downgrade of the liquidity provider to 'F2' would result in a downgrade of the short-term ratings of the VRDP shares to 'F2', absent other mitigants. The funds have the ability to assume economic leverage through derivative transactions which may not be captured by the minimum asset coverage test or effective leverage ratio. The funds do not currently engage in speculative derivative activity and do not envision engaging in material amounts of such activity in the future. In fact, such activity is limited by the funds' investment guidelines and could run counter to their investment objective of achieving tax-exempt income. Material derivative exposures in the future could have potential negative rating implications if they adversely affect asset coverage available to rated preferred shares.

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