Title:

Church&Dwight Co. Upgraded To 'BB+' Rating; Outlook Stable

Price:$100.00
Publication Date:May 05, 2008
Report Type:News
Abstract:NEW YORK (Standard&Poor's) May 5, 2008--Standard&Poor's Ratings Services said today it raised its corporate credit rating on Church&Dwight Co. Inc. to 'BB+' from 'BB', and assigned a 'BBB' senior secured debt and '1' recovery rating to the company's planned up to $250 million term loan A facility. (For the complete recovery analysis, see Standard&Poor's recovery report on Church&Dwight, to be published on RatingsDirect immediately following the release of this report.) In addition, Standard&Poor's raised all of its existing issue-level ratings on the company by one notch, and removed the existing ratings from CreditWatch, where they were placed with positive implication on April 1, 2008. The outlook is stable.
Brief Excerpt:RESEARCH Ratings Definitions Church & Dwight Co. Upgraded To '##+' Rating; Outlook Stable Publication date: ##-May-#### Primary Credit Analyst: Patrick Jeffrey, CFA, New York (#) ###-###-####; pat_jeffrey@standardandpoors.com NEW...
Word Count:607
Ticker:CHD
Issuer:Church&Dwight Co. Inc.
GICS:Household Products (30301010)
Sector:Global Issuers, Corporations, Consumer Products
Country:United States
Region:United States
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