Moody's affirms Church & Dwight

Moody's Investors Service said it affirmed Church & Dwight Co.'s Baa2 senior unsecured long-term ratings on its $250 million 3.35% senior unsecured notes due December 2015 and $500 million senior unsecured revolving credit due August 2016.

The outlook remains stable.

The ratings reflect the company's stable operating performance supported by good organic growth from its diversified portfolio of leading premium and value brands and conservative financial policy, Moody's said.

The rating also considers an expectation that despite intensifying competition in its consumer segments, cash flow should continue to grow modestly over the next two years, further supporting its credit profile, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.