S&P assigns NBTY notes B+

Standard & Poor's said it assigned its B+ rating to NBTY Inc.'s proposed $200 million senior subordinated notes due 2015.

At the same time, the agency said it affirmed its ratings on the company, including its BB corporate credit rating.

The outlook is negative.

The agency said the ratings on NBTY reflect its moderate debt leverage, its aggressive growth strategy and the risk of adverse publicity about vitamin products depressing its sales.

These factors are somewhat mitigated by the company's strong position and diversified distribution channels in the vitamin, mineral and supplement industry, S&P said.

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