S&P rates Church & Dwight notes BBB+

Standard & Poor's said it assigned its preliminary BBB+ and BBB senior unsecured debt and subordinated debt ratings, respectively, to Church & Dwight Co. Inc.'s Rule 415 shelf registration statement filed Dec. 1 and its BBB+ issue-level rating to the company's proposed $300 million senior unsecured fixed rate notes due 2019 to be drawn from the shelf.

All existing ratings on the company, including the BBB+ corporate credit rating, remain unchanged, as does the stable outlook.

Proceeds will be used for general corporate purposes, including the repayment of commercial paper debt incurred primarily to finance acquisitions.

S&P estimates total debt outstanding pro forma for the proposed issuance is about $1.05 billion.

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