S&P: Mead Johnson to stable

Standard & Poor's said it revised the outlook on Mead Johnson Nutrition Co. to stable from positive.

The agency also affirmed its BBB corporate credit rating and its BBB- senior unsecured debt rating.

The outlook revision to stable from positive reflects the potential impact of further industry consolidation and risks associated with Mead Johnson's brand concentration, S&P said.

The ratings reflect the company's intermediate financial risk profile and satisfactory business risk profile, the agency said.

Key credit factors include the company's product and brand concentration, S&P said, yet substantial market positions, well-recognized brand name and the geographic diversity of its sales.

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