...NEW YORK (S&P Global Ratings) July 19, 2018--S&P Global Ratings said today that its ratings and outlook on Danaher Corp. (A/Stable/A-1) are unaffected by the company's recent announcement of the proposed spin-off of its dental segment into an independent, publicly traded company. Danaher expects to complete the transaction in the second half of 2019. We expect the spin-off to have a positive impact on Danaher's profitability, given the dental segment's meaningfully lower EBITDA margins. At the same time, the impact of the proposed transaction on Danaher's financial measures is not yet clear because there is not enough information available on the potential amount and uses of the divestiture proceeds. We will reevaluate our ratings on Danaher once the company provides more financial details on the proposed spin-off. At this time, we expect Danaher's financial policies, including target leverage below 2.5x, to be unchanged because of the transaction. Our 'A' corporate credit rating on Danaher...
