Moody's affirms Estee's A1/P-1 ratings; revises outlook to negative
Moody's Investors Service (Moody's) today affirmed the A1 senior unsecured ratings and Prime-1 commercial paper rating of The Estee Lauder Companies, Inc. ("Estee" or "EL") and changed the outlook to negative from stable. The action follows the company's weak operating performance and earnings in f...Estee Lauder Companies is a manufacturer and marketer of skin care, makeup, fragrance and hair care products. The company's products are sold under a number of brand names including: Estee Lauder, Clinique, Origins, MzAzC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced. The company is also the global licensee for fragrances, cosmetics and/or related products sold under various designer brand names. The company's products include skin care, makeup and related items such as compacts, brushes and other makeup tools, fragrance sold in various forms, hair care, and other ancillary products and services.
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