Moody's: Alberto Culver view positive

Moody's Investors Service said it affirmed Alberto Culver Co.'s Baa2 ratings and changed the outlook to positive from stable.

The agency said the outlook change reflects the company' success in achieving a multi-year improvement in profitability; a shift to a higher-margin, better diversified product portfolio via several strategic acquisitions and divestitures; its demonstrated ability to grow market share in the U.S. while capitalizing on significant international growth opportunities; and the agency's view that the company will continue to maintain its conservative financial profile while maintaining superior credit metrics and an excellent liquidity profile.

Alberto-Culver's Baa2 rating reflects very strong credit metrics that offset to some extent the company's limited scale in terms of revenues and limited product diversification, Moody's said.

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