NEW YORK (Standard&Poor's) April 28, 2009--Standard&Poor's Ratings Services said today that it assigned its preliminary 'BB' senior unsecured debt rating (one notch below the 'BB+' corporate credit rating) and preliminary 'BB-' subordinated debt rating (two notches below the corporate credit rating) to Princeton, N.J.-based Church&Dwight Co. Inc.'s Well-Known Seasoned Issuer (WKSI) shelf registration. The outlook on the company is stable. Total reported debt as of Dec. 31, 2008, was about $856.1 million. The shelf registration covers senior unsecured and subordinated debt, as well as common and preferred stock. The company expects to use drawings under the new shelf for general corporate purposes, including working capital, acquisitions, repurchases of common stock, capital expenditures, and the
