Standard&Poor's Ratings Services' ratings on Washington-based diversified industrial and medical equipment manufacturer Danaher Corp. reflect the company's "strong" business risk profile and its "modest" financial profile. Its balanced and diversified portfolio and its strong operational capabilities should continue to translate into solid free cash flow generation. Along with credit measures currently consistent with our expectations for the rating, this should provide the company with ample capacity for its active acquisition strategy. We view Danaher's business profile as strong. It should continue to benefit from a combination of broad diversity across the company's industrial and medical-related end-markets, a global presence in both mature and higher-growth regions, and a significant proportion of recurring revenues from aftermarket, consumable and services (about
