NEW YORK (Standard&Poor's) Nov. 19, 2010--Standard&Poor's Ratings Services said today that it assigned its 'BBB-' senior unsecured debt rating to Princeton, N.J.-based Church&Dwight Co. Inc.'s $500 million unsecured revolving credit facility due 2015. This bank facility replaces the company's existing $100 million secured facility due 2012. The new credit facility contains a $50 million sublimit for the issuance of standby letters of credit, a $50 million sublimit for swing-line loans, and a $100 million sublimit for multicurrency borrowings. The company has stated it will use the credit facility for working capital, refinancing existing debt, and funding acquisitions. At the same time, we are withdrawing the existing 'BBB' rating on the company's $100 million secured
