S&P: Church & Dwight view positive

Standard & Poor's said it revised the outlook on Church & Dwight Co. Inc. to positive from stable.

S&P also affirmed the BBB long-term and A-2 short-term corporate credit ratings on the group.

"The revision of the outlook to positive reflects our view that CHD's operations should remain sound over the next 12 to 24 months," S&P credit analyst Mark Salierno said in a news release, "thereby building additional flexibility for midsize merger & acquisition activity, while keeping leverage in the low-2x area."

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.