S&P: Nutro Products on positive watch

Standard & Poor's said it revised its CreditWatch listing for Nutro Products Inc. to CreditWatch with positive implications, from CreditWatch with negative implications.

Ratings were initially placed on CreditWatch on March 30, reflecting the agency's concern about the potential negative impact on sales related to the Menu Foods pet food recall.

S&P said that this included the B- corporate credit rating and other ratings on the company, adding that the revision of the CreditWatch listing to positive follows the company's announcement that it has entered into an agreement to be acquired by privately held Mars Inc.

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