Moody's may lift Pall debt

Moody's Investors Service said it placed Pall Corp.'s Baa2 senior unsecured debt rating on review for possible upgrade.

The review is prompted by Moody's expectation of continued organic revenue growth, complemented by improving operating margins and cash-flow generation resulting from a renewed focus on cost-saving initiatives and Pall's strong liquidity profile.

The agency said its review will focus on several factors, including Pall's ability to improve its financial performance through new product offerings, annuity revenues resulting from increased Total Fluid Management penetration, cost reductions in its manufacturing facility rationalization and infrastructure optimization programs and continued expansion into low-cost, growth markets.

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