Moody’s affirms Danaher

Moody's Investors Service said it affirmed Danaher Corp.'s ratings, with the senior unsecured rating at A2 and the short-term at P-1.

The outlook is stable.

The A2 long term rating is based on Moody's expectations of steady operating performance going forward with EBITA margins likely to be at the low 20% level and over $2 billion of free cash flow, along with financial policies of minimal share repurchases and a low dividend, which should keep debt to EBITDA in the low 2x range, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.