Our 'A+' corporate credit rating on Danaher Corp. remains on CreditWatch with negative implications; we expect to lower the rating to 'A' and assign a stable outlook upon completion of the Pall Corp. acquisition. We also expect to affirm our 'A-1' short-term rating on the company. (Watch the related CreditMatters TV segment titled, "How The Acquisition Of Pall Will Likely Affect Standard&Poor?s Rating On Danaher," dated June 26, 2015.) On June 17, 2015, Standard&Poor's Ratings Services announced that its ratings on Danaher Corp. will remain on CreditWatch with negative implications. We placed the ratings on CreditWatch on May 13, 2015, following the company's announcement that it agreed to acquire Pall Corp. for $13.8 billion and its
