S&P: Schiff on positive watch

Standard & Poor's said it placed the B corporate credit and debt-issue ratings on Schiff Nutrition Group Inc. on CreditWatch with positive implications.

The CreditWatch placement reflects an expectation that the agency will raise the rating on Schiff following the completion of the transaction to the A- level of Bayer.

The agency also said it would withdraw the ratings on Schiff if the company's existing debt is repaid by Bayer following the close of the acquisition.

S&P said it plans to resolve the CreditWatch listing upon completion of the transaction.

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