Moody's Ratings Downgrades Estee Lauder to A2; Outlook is Stable
Moody's Ratings (Moody's) today downgraded Estee Lauder Companies Inc. (The)'s (Estee Lauder) long-term issuer rating to A2 from A1, senior unsecured notes rating to A2 from A1, senior unsecured shelf rating to P(A2) from (P)A1 and affirmed the commercial paper rating at P-1. The outlook is stable a...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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