U.S.-based Danaher Corp. announced that it has completed its acquisition of U.S.-based filtration and separation equipment and products manufacturer Pall Corp. We are lowering our long-term corporate credit rating and senior unsecured debt ratings on Danaher Corp. to 'A' from 'A+'. At the same time, we are removing our long-term corporate credit rating and senior unsecured debt ratings on the company from CreditWatch with negative implications. The stable outlook reflects our expectation that the company's adjusted leverage will decline over the next two years as it uses its strong free operating cash flow generation to repay some of its debt. On Aug. 31, 2015, Standard&Poor's Ratings Services lowered its long-term corporate credit rating and unsecured debt ratings on
