S&P lowers Danaher

Standard & Poor’s said it lowered its long-term corporate credit rating and unsecured debt ratings on Danaher Corp. to A from A+.

The outlook is stable.

At the same time, S&P removed its long-term corporate credit and debt ratings on Danaher from CreditWatch, where S&P had placed them with negative implications on May 13. The A-1 short-term rating on the company remains unchanged.

“Our downgrade of Danaher primarily reflects the significant increase in the company’s debt because of its acquisition of Pall Corp.,” said S&P credit analyst Svetlana Olsha in a news release.

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