S&P rates Danaher notes A+

Standard & Poor's said that it assigned an A+ issue-level rating to Danaher Corp.'s proposed $1.8 billion of senior notes.

The outlook is stable.

Danaher expects to use the proceeds to finance a portion of the purchase price of its acquisition of Beckman Coulter Inc.

The rating and stable outlook reflect the firm's strong business risk profile and the expectation that the increase in Danaher's financial leverage following the acquisition of Beckman Coulter will be temporary and that consistent cash flow generation will allow Danaher to not only restore its credit measures to adequate levels but also rebuild some capacity for further acquisitions within the next 12 to 18 months, the agency added.

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