NEW YORK (Standard&Poor's) April 1, 2008--Standard&Poor's Ratings Services said today it placed its 'BB' corporate credit and other ratings on Princeton, N.J.-based Church&Dwight Co. Inc. on CreditWatch with positive implications. Approximately $855 million of funded debt was outstanding as of Dec. 31, 2007. The CreditWatch listing reflects improved credit measures and consistent cash generating ability that has allowed the company to reduce debt. "Despite an expected moderate increase in debt as a result of the planned $380 million Orajel and other over-the-counter brands acquisition from Coty Inc.," said Standard&Poor's credit analyst Patrick Jeffrey, "the company continues to demonstrate stable operating performance and has reduced leverage below 3x, consistent with levels we would
