Moody's rates Danaher notes A2

Moody's Investors Service said it has assigned an A2 senior unsecured long-term debt rating to the €500 million five-year notes of Danaher European Finance Co. EHF, an indirect, wholly owned finance subsidiary of Danaher Corp.

The outlook is negative.

Danaher's A2 rating reflects its strong cash-flow generation and ample liquidity, relatively conservative balance sheet and successful track record integrating acquired businesses, reducing costs and improving margins.

The negative outlook reflects the financial and integration risks associated with the $2.2 billion acquisition of Sybron, Moody's said.

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