Credit metrics for U.S. lawn and garden products company Scotts Miracle-Gro remained relatively stable over the past year despite modestly weaker operating performance. We are raising our corporate credit rating on Scotts to 'BB+' from 'BB'. The outlook is stable, reflecting our view that company's credit measures could be sustainable near current levels and support modest fluctuations in operating performance. NEW YORK (Standard&Poor's) Jan. 25, 2012--Standard&Poor's Ratings Services said today it raised its corporate credit rating on Ohio-based The Scotts Miracle-Gro Co. (Scotts) to 'BB+' from 'BB'. The outlook is stable. At the same time, we raised our unsecured debt rating to 'BB' from 'BB-'. Our '5' unsecured recovery rating, indicating our expectation for modest (10%-30%)
