Diversification by product, end market, customer, and geography; Strong brand names with leadership positions in most product lines; Extensive distribution network; Very competitive cost base; and Low capital intensity, enabling consistent free cash flow. Moderately conservative financial policies, stemming from debt-financed acquisitions; and Research and development (R&D) requirement to match the growing technological sophistication of products. Standard&Poor's Ratings Services' ratings on Washington, D.C.-based Danaher Corp. reflect the company's excellent business risk profile, marked by substantial diversity and a track record of strong operating efficiency. The company's somewhat aggressive business objectives and moderately conservative financial policies partially offset these strengths. The 'A+' long term corporate credit and senior unsecured ratings remain on CreditWatch, where they were placed on Feb.
