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Research Update: Schiff Nutrition Ratings Raised To 'A+', Off CreditWatch, Following Acquisition By Reckitt Benckiser; Outlook Stable Jan 13 Product Image

Research Update: Schiff Nutrition Ratings Raised To 'A+', Off CreditWatch, Following Acquisition By Reckitt Benckiser; Outlook Stable Jan 13

  • ID: 2386880
  • January 2013
  • Standard & Poors

Abstract
Reckitt Benckiser completed its acquisition of U.S.-based nutritional supplements maker Schiff Nutrition. We're raising our ratings on Schiff Nutrition to 'A+' from 'B'. The stable outlook on Schiff Nutrition reflects that on Reckitt Benckiser. On Jan. 25, 2013, Standard & Poor's Ratings Services raised its ratings on Salt Lake City, Utah-based Schiff Nutrition Group Inc. to 'A+' from 'B'. We also removed the ratings from CreditWatch, where we had placed them on Oct. 31, 2012. The outlook is stable. The rating actions follow the closing of the company's acquisition by Reckitt Benckiser PLC (A+/Stable/A-1) on Dec. 28, 2012. The upgrade reflects the equalization of Schiff's rating with that of Reckitt Benckiser. Subsequent to the upgrade, we will withdraw our ratings...

Companies mentioned in this report are:
- Schiff Nutrition Group Inc.
- Reckitt Benckiser PLC

Action: Removed From CreditWatch
Action: Upgraded

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Note: Product cover images may vary from those shown

- Schiff Nutrition Group Inc.
- Reckitt Benckiser PLC

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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