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Article: S&P rates Central Garden & Pet Co's WKSI shelf at CCC+.
- Article from:
- ADP Debt News
- Article date:
- September 15, 2009
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(ADPnews) - Sep 15, 2009 - S&P on Monday gave its preliminary CCC+ senior unsecured debt rating and preliminary CCC+ subordinated debt rating to US lawn and garden products marketer and producer Central Garden & Pet Co's Well-Known Seasoned Issuer (WKSI) shelf registration.
This new shelf registration replaces the USD 500 million (EUR 342m) shelf registration that expired in December 2008. The outlook on the company is "positive", meaning its ratings could be raised.
Total reported debt as of June 27, 2009, was about USD 409 million.
The shelf ...