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Moody's downgrades Douglas (Kirk Beauty One GmbH) to Caa1; negative outlook

Rating Action: Moody's downgrades Douglas to Caa1; negative outlook. Global Credit Research- 03 Jun 2020. Milan, June 03, 2020-- Moody's Investors Service, has today downgraded to Caa1 from B3 the corporate family rating and to Caa1-PD from B3-PD the probability of default rating of German beauty products retailer Kirk Beauty One GmbH.
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Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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