Moody's: Church & Dwight notes Baa1

Moody's Investors Service said it assigned a Baa2 senior unsecured rating to Church & Dwight Co. Inc.'s proposed offering of $400 million senior unsecured notes.

Proceeds from the debt offering will be used to finance the company's pending acquisition of Avid Health Inc., a maker of gummy-form vitamins and supplements for $650 million.

The outlook remains positive.

Moody's said it expects Church & Dwight to generate consistent and strong earnings despite a sluggish macroeconomic environment and highly price sensitive consumer.

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