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S&P: Energizer on watch
Standard & Poor's said it placed all of Energizer Holdings Inc.'s ratings on CreditWatch with negative implications.
The ratings on watch include its BBB- corporate credit rating.
The CreditWatch placement follows news that the company intends to separate its household products and personal care divisions into two independent companies, S&P said.
Though the agency said it does not know the structure of the transaction or the capital structure for the independent companies, the competitive position could diminish given reduced scale and diversification.
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