S&P lifts Alberto-Culver to BBB

Standard & Poor's said it raised its corporate credit rating on Alberto-Culver Co. to BBB from BBB-.

The outlook is stable.

The agency said the upgrade reflects that Alberto-Culver has improved its operating performance and existing strong credit metrics despite the weak economic environment, its very strong and conservatively leveraged balance sheet, its established consumer products brands and its improving operating performance.

S&P believes the risk of more intense competition from larger personal-care companies and susceptibility to commodity cost volatility somewhat offset these strengths.

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