U.S.-based consumer products company Church&Dwight Co. Inc.'s operating performance and credit measures have improved. We are raising the rating on Church&Dwight to 'BBB-'. The outlook is stable, based on our expectation that the company will continue its positive operating momentum and maintain appropriate credit measures for its new rating category. NEW YORK (Standard&Poor's) June 16, 2010--Standard&Poor's Ratings Services raised its corporate credit rating on Princeton, N.J.-based Church&Dwight Co. to 'BBB-' from 'BB+'. The outlook is stable. The company's issue-level ratings on its secured bank debt and subordinated notes remain 'BBB' and 'BB+', respectively. We withdrew the '1' recovery rating on the secured bank debt and the '3' recovery rating on
