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Vi-Jon Inc. Downgraded To 'B' As Competitive Pricing And Cost Pressures Weaken Profitability; Outlook Stable Dec 11
Standard & Poors, December 2011
U.S. private-label manufacturer Vi-Jon's operating performance and credit metrics have weakened as a result of competitive pricing pressures and higher commodity costs. We are downgrading the company to 'B' from 'B+'. We are also revising our recovery rating on the company's senior secured debt to '3' from '2' and lowering the issue-level rating on this debt to 'B' from 'BB-'. The stable rating outlook reflects our view that credit protection measures will remain at or near their current levels over the next 12 months. NEW YORK (Standard & Poor's) Dec. 19, 2011--Standard & Poor's Ratings Services said today it lowered its corporate credit rating on St. Louis-based personal care products provider Vi-Jon Inc. to 'B' from 'B+'. The corporate credit...
Companies mentioned in this report are: Vi-Jon Inc.,Colgate-Palmolive Co.,Kimberly-Clark Corp.
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Vi-Jon Inc.,Colgate-Palmolive Co.,Kimberly-Clark Corp.