Scotts Miracle-Gro has improved credit measures and free cash flow, while sustaining adequate leverage covenant cushion. We are assigning our 'B+' rating to Scott's proposed $200 million eight-year senior unsecured notes, and we are affirming the 'BB-' corporate credit rating. We are revising the outlook to positive from stable based on our expectation for continued good free cash generation and improved credit measures. NEW YORK (Standard&Poor's) Jan. 11, 2010--Standard&Poor's Ratings Services revised its outlook on Marysville, Ohio-based Scotts Miracle-Gro Co. (Scotts) to positive from stable and affirmed its 'BB-' corporate credit rating on the company. At the same time, Standard&Poor's assigned its 'B+' issue-level rating to Scotts proposed $200 million eight-year senior unsecured notes,
