S&P rates Clorox notes BBB+

Standard & Poor's said it assigned its BBB+ senior unsecured debt rating to Clorox Co.'s (BBB+/stable/A-2) $300 million 3.55% senior notes due November 2015.

Proceeds of the notes will be used primarily to retire existing commercial paper borrowings and for general corporate purposes.

The ratings reflect the company's portfolio of diversified well-recognized household brands, including Clorox, Burt's Bees, Scoop Away, Glad, Hidden Valley Ranch, Brita and Kingsford, and its strong cash flow generation.

© 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.