S&P: Clorox view stable

Standard & Poor's said it affirmed its ratings, including the BBB+ long-term corporate credit rating and A-2 short-term commercial paper rating, on Clorox Co., and revised the outlook to stable from negative.

"The outlook revision reflects Clorox's improved credit metrics," S&P credit analyst Mark Salierno said in a news release.

Clorox has had good operating performance thus far in fiscal 2013 (ending June 30), and has slowed down share repurchase activity, which has enabled the company to apply free cash flow to debt reduction over the past year.

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