Fitch: Unilever to negative

Fitch Ratings said it revised the outlook for Unilever NV and Unilever plc to negative from stable.

The long-term issuer default ratings and senior unsecured ratings for Unilever are affirmed at A+ and the short-term issuer default ratings at F1.

The senior unsecured ratings of Unilever Capital Corp. and Alberto-Culver Co. also are affirmed at A+ and its commercial-paper programs of Unilever NV, Unilever plc and Unilever Capital are affirmed at F1.

The negative outlook reflects Unilever's departure from its historically conservative financial policy towards greater shareholder returns, as well as the potential for more spending on bolt-on mergers and acquisitions, Fitch said.

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