Moody’s upgrades Pall to A2

Moody's Investors Service said it upgraded the senior unsecured rating of Pall Corp. to A2 from Baa1 and withdrew the Prime-2 short-term rating.

The outlook is negative.

This concludes the review that was initiated on May 13 when Danaher Corp. announced the nearly $14 billion acquisition of Pall.

This action follows Danaher's full and unconditional guarantee of Pall's outstanding senior unsecured notes due June 2020. Pall is now an indirect wholly owned subsidiary of Danaher.

The rating of Pall's debt is now the same as the rating of Danaher's senior unsecured debt.

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