Spectrum Brands, Inc.: March 2018 Update to Key Rating Factors
Our credit view reflects high leverage and the proposed merger with its largest shareholder, HRG Group, while acknowledging its value brands with leading market positions.Spectrum Brands Holdings is a branded consumer products company. The company manages the business in five product-focused segments: Global Batteries and Appliances, which consists of consumer batteries, small appliances and personal care products; Hardware & Home Improvement, which includes security, plumbing and hardware products; Global Pet Supplies, which includes aquatics, companion animal and wet and dry pet food products; Home and Garden, which includes controls, household, and repellents products; and Global Auto Care, which includes appearance, performance, and A/C recharge products that include do-it-yourself automotive air conditioner recharge products.
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