NEW YORK (Standard&Poor's) June 20, 2007--Standard&Poor's Ratings Services said today it revised its outlook on Princeton, N.J.-based Church&Dwight Co. Inc. to positive from stable. "The revised outlook is based on the company's continued strong operating performance and improved financial profile," said Standard&Poor's credit analyst Patrick Jeffrey. Church&Dwight has reduced debt leverage to below 3x from the mid-3x area following its acquisition of Orange Glo International in August 2006. "While the company may make future debt-financed acquisitions to support its growth strategy, we expect debt leverage will be managed on average in the low-3x area," said Mr. Jeffrey. The ratings could be raised over the near term if the company continues
