Moody’s upgrades Church & Dwight

Moody’s Investors Service said it upgraded Church & Dwight Co., Inc.’s senior unsecured rating to A3 from Baa1.

“The upgrade reflects Church & Dwight’s increasing scale, and improved product diversity over the past several years. The upgrade also reflects the company’s strong execution of its growth strategy, as management has efficiently integrated acquisitions, while improving profitability and cash flow. Moody’s believes that following material debt funded acquisitions, the company will prioritize the timely restoration of leverage metrics within 12-24 months,” said Moody’s in a press release.

The outlook is stable.

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