Fitch affirms Clorox

Fitch Ratings said it affirmed Clorox Co.'s issuer default rating at BBB, unsecured bank facility at BBB, senior unsecured notes at BBB and short-term issuer default rating at F2.

The outlook is stable.

Clorox's ratings reflect its strong financial and business profile with a competitive focus on having big share brands in mid-sized categories, the agency said.

Ratings also recognize that commodity price movement can fluctuate significantly and a portion of Clorox's revenue related to bleach and trash bags have a strong private label presence, the agency said.

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