U.S.-based diversified manufacturer Danaher Corp. is prefunding its acquisition of Beckman Coulter Inc. We are affirming Danaher's 'A+' corporate credit rating and senior unsecured debt ratings, as well as its 'A-1' commercial paper (CP) rating. At the same time, we are removing the ratings from Credit Watch, where we placed them with negative implications on Feb. 7, 2011, following the announcement that Danaher would acquire Beckman Coulter. The outlook is stable, reflecting our expectation that the increase in Danaher's financial leverage following the acquisition will be temporary, and that consistent cash flow generation will allow it to not only restore its credit measures to adequate levels for the rating, but also rebuild some capacity for further acquisitions. NEW YORK (Standard
