Moody's withdraws Tupperware's ratings following debt redemption
Rating Action: Moody's withdraws Tupperware's ratings following debt redemption. Global Credit Research- 08 Feb 2021. New York, February 08, 2021-- Moody's Investors Service, has withdrawn all ratings for Tupperware Brands Corporation including the company's Caa2 Corporate Family Rating, Caa2-PD Probability of Default Rating, and the SGL-4 Speculative Grade Liquidity Rating.Tupperware Brands is a direct-to-consumer company engaged in the manufacture and sale of Tupperware? products and cosmetics and personal care products under a range of trade names, including Avroy Shlain?, Fuller?, NaturCare?, Nutrimetics? and Nuvo?. The company's products include: Tupperware, which includes preparation, storage, and serving solutions for the kitchen and home, and provides a line of cookware, knives, microwave products, microfiber textiles, water-filtration related items and a range of products for on-the-go consumers; and Beauty, which manufactures and distributes skin and hair care products, cosmetics, bath and body care, toiletries, fragrances, jewelry and nutritional products.
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