S&P lifts Church & Dwight debt

Standard & Poor's said it raised its long-term corporate credit and senior unsecured debt issue ratings on Church & Dwight Co. Inc. to BBB+ from BBB.

The outlook is stable.

At the same time, the agency affirmed its A-2 short-term corporate credit ratings on the company.

S&P said the upgrade reflects its view that Church & Dwight's operations will remain sound through the remainder of 2013 and into 2014, and for free cash flow to remain steady, thereby enabling the company to build on its already solid financial flexibility.

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