Except the Wesminister Confession seems to give it a type of grace in it!Baptists just call it a dedication service without the symbolic "circumcision" of infant baptism.
I understand that there are different types of baptism. John's baptism was meaningless to the Christian, which is why when we meet John's disciples in Acts, they still aren't saved.
Thus the infant baptism of the Presbyterian Church is not unto salvation, but is into community. It is no different than a Baptist baby dedication.