Moody's rates PerkinElmer facility Baa3

Moody's Investors Service said it assigned a Baa3 rating to PerkinElmer, Inc.'s five-year $500 million unsecured revolving credit facility due Aug. 13, 2012.

The outlook is stable.

The rating reflects the company's improved cash flow generation and liquidity position, low balance sheet leverage, solid growth prospects and strong end-market positions, the agency said.

The ratings also reflect an increased use of free cash flow and debt to fund acquisitions and share buybacks, Moody's said.

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