Fitch puts Beckman on positive watch

Fitch Ratings said it placed Beckman Coulter Inc. on Rating Watch positive.

Beckman Coulter's issuer default rating, bank loan and senior debt remain at BBB, the agency said.

On Feb. 7, Beckman Coulter announced a definitive merger agreement with Danaher Corp. whereby Danaher will acquire all of Beckman Coulter's outstanding shares for $83.50 per share, Fitch said.

Fitch said that Beckman Coulter's credit profile should be improved upon consummation of the acquisition by Danaher.

Beckman Coulter's ratings are supported by certainty of cash flows derived from recurring revenues, specifically those from sales of consumables, reagents and services, the agency said.

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