U.S.-based Energizer Holdings Inc. is issuing $600 million unsecured notes to refinance near term debt maturities, and for general corporate purposes. We are assigning a 'BBB-' corporate credit rating to Energizer Holdings Inc. The rating outlook is stable, reflecting our opinion that the company will maintain relatively stable operating performance while improving credit measures and continuing to address pending debt maturities over the intermediate term. NEW YORK (Standard & Poor's) May 16, 2011--Standard & Poor's Ratings Services assigned its 'BBB-' corporate credit rating to St. Louis, Mo.-based Energizer Holdings Inc. The outlook is stable. At the same time, we assigned a 'BBB-' senior unsecured debt rating to the company's proposed $600 million debt issuance under Rule 144A with registration rights....
Companies mentioned in this report are: Energizer Holdings Inc.
Action: New Rating
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Research type: News
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