New York, January 14, 2013 -- Moody's Investors Service affirmed the B1 Corporate Family rating and B1-PD Probability of Default rating of Prestige Brands Inc.("Prestige") and revised its outlook to stable from negative. The stable outlook reflects the company's improved credit metrics as it has reduced leverage and improved organic revenue growth and profit margins. "Prestige's profitability is expected to continue to improve modestly and will more than offset incremental investment in product promotion and advertising," said Moody's Vice President Nancy Meadows.

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