Fitch affirms Natura, Avon

Fitch Ratings said it affirmed Natura&Co Holding SA's long-term foreign currency and local currency issuer default ratings at BB and its national scale rating at AA+(bra).

Fitch has also affirmed Natura Cosmeticos SA's foreign currency and local currency issuer default rating at BB, its unsecured notes at BB and its national scale rating at AA+(bra).

Fitch affirmed Avon Products, Inc.'s BB rating and its unsecured notes.

Fitch also affirmed and withdrew Avon International Operations Inc.'s issuer default rating of BB.

The outlooks remain positive.

The agency said the ratings reflect Natura's strong brand and business position within the market, its diversified asset base and its ongoing challenges related to the turnaround of Avon and the Body Shop.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.