NEW YORK (Standard&Poor's) July 7, 2003--Standard&Poor's Ratings Services said today that there would be no effect on the ratings or outlook on The Scotts Co. (BB/Positive/--) following Scotts' announcement that it has revised its earning guidance. Third quarter sales, which represent the peak of the gardening season, are now expected to be flat compared with the same prior year period, mostly due to poor weather conditions in April. Standard&Poor's still expects Scotts to continue to improve its financial profile and reduce debt during the outlook period as a result of the company's restructuring and cost-saving initiatives, despite the weather-related impact on sales. Scotts' ratings could be raised if the company can demonstrate a sustainable
