S&P gives Estee Lauder notes A+

S&P said it gave its A+ rating to Estee Lauder Cos. Inc.'s proposed senior unsecured notes, final amounts and tranches to be finalized.

The company plans to use the proceeds to fund a portion of its increased investment in Deciem Beauty Group Inc., operating expenses, working capital, capital expenditures and redemption and repayment of short-term or long-term borrowings.

Estee Lauder’s A+ rating and stable outlook are unchanged, S&P said.

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