S&P: Estee Lauder view up to stable

Standard & Poor's said it revised its outlook on Estee Lauder Cos. Inc. to stable from negative and affirmed its long-term corporate credit rating at A and short-term rating at A-1.

The outlook revision reflects an expectation that credit metrics will be commensurate with the rating medians, S&P said, adding that it should remain close to current levels over the outlook period.

The ratings reflect the company's significant position in the prestige segment of the cosmetics industry, geographic and product portfolio diversity, the agency said, and well-recognized brands.

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