Fitch affirms Alberto-Culver

Fitch Ratings said it affirmed Alberto-Culver's BBB+ ratings for its issuer default and $300 million revolving credit facility.

Ratings reflect Alberto's strong balance sheet and credit metrics, high liquidity and well-known brands, the agency said.

Fitch said it expects management to continue to be prudent about share repurchases and acquisitions.

The rating also incorporates the company's increased business risk due to its narrow product focus, reliance on a few product lines for a sizeable amount of operating profits and relatively small revenue size, according to the agency.

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