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
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
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.
Product Type: Research Update
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