Our credit view of L'Oréal reflects its leading market position and exceptionally strong financial profile, tempered by its concentration in the highly competitive beauty market.
Our credit view of L'Oréal S.A. reflects its solid business profile, strong credit metrics and very conservative financial policy, offset by a degree of revenue concentration.
Credit quality for Nestlé and L'Oreal will remain substantially unchanged following the sale of this small stake by Nestlé and the subsequent share buybacks announced by the two issuers.
Our credit view of L'Oréal, reflecting its very strong business and financial profiles, which give it ample flexibility to weather the pandemic-related operating performance weakness.