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Shiseido Company, Limited: Update to credit analysis

Our credit view of Shiseido, reflecting its well-recognized brands, solid product development ability and comfortable liquidity levels.

Please Change Name Akifumi Fukushi
  • Please Change Name Akifumi Fukushi

Shiseido Company, Limited: Update to discussion of key credit factors

CORPORATES CREDIT OPINION 21 December 2017 Update RATINGS Shiseido Company, Limited Domicile Japan Long Term Rating A2 Type Senior Unsecured - Dom Curr Outlook Stable Please see the  ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Analyst Contacts Akifumi Fukushi +81.3.5408.4167

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