Research Update: Church&Dwight Co. Inc. Corporate Credit Rating Raised To 'BB+'; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Church&Dwight Co. Inc. Corporate Credit Rating Raised To 'BB+'; Outlook Stable

Research Update: Church&Dwight Co. Inc. Corporate Credit Rating Raised To 'BB+'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Church&Dwight Co. Inc. Corporate Credit Rating Raised To 'BB+'; Outlook Stable
Published May 05, 2008
Published May 05, 2008
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On May 5, 2008, Standard&Poor's Ratings Services raised its corporate credit rating on Church&Dwight Co. Inc. to 'BB+' from 'BB', and assigned a 'BBB' senior secured debt and '1' recovery rating to the company's planned up to $250 million term loan A facility. In addition, we raised all of our existing issue-level ratings on the company by one notch (see Ratings List below). We removed the existing ratings from CreditWatch, where they were placed with positive implication on April 1, 2008. The outlook is stable. Approximately $1.1 billion of pro forma funded debt is affected by this action. The upgrade is based on Church&Dwight's stable operating performance in recent years and its successful track

  
Report Type:

Research Update

Ticker
CHD
Issuer
Church&Dwight Co. Inc.
GICS
Household Products (30301010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: Church&Dwight Co. Inc. Corporate Credit Rating Raised To 'BB+'; Outlook Stable" May 05, 2008. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Church-Dwight-Co-Inc-Corporate-Credit-Rating-Raised-To-BB-Outlook-Stable-646514>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Church&Dwight Co. Inc. Corporate Credit Rating Raised To 'BB+'; Outlook Stable May 05, 2008. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Church-Dwight-Co-Inc-Corporate-Credit-Rating-Raised-To-BB-Outlook-Stable-646514>
  
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