Moody's affirms Church & Dwight's Baa1 rating following announcement of WaterPik acquisition
Rating Action: Moody's affirms Church& Dwight's Baa1 rating following announcement of WaterPik acquisition. Global Credit Research- 17 Jul 2017. New York, July 17, 2017-- Moody's Investors Service affirmed Church& Dwight Co., Inc.' s Baa1 senior unsecured note ratings following its announced debt financed acquisition of WaterPik, Inc. for approximately $1.0 billion.Church & Dwight develops, manufactures and markets a range of consumer products. The company's consumer products include: ARM & HAMMER? baking soda, cat litter, laundry detergent, carpet deodorizer and other baking soda based products; TROJAN? condoms, lubricants and vibrators; OXICLEAN? stain removers, cleaning solutions, laundry detergents and bleach alternatives; SPINBRUSH? battery-operated toothbrushes; FIRST RESPONSE? home pregnancy and ovulation test kits; NAIR? depilatories; ORAJEL? oral analgesic; XTRA? laundry detergent; L'IL CRITTERS? and VITAFUSION? gummy dietary supplements; BATISTE? dry shampoo; WATERPIK? water flossers and showerheads, and FLAWLESS? hair removal products.
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