[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]
On Friday, L’Oréal was awarded two financial ratings, “AA” and “Aa1”, confirming the quality of the brand.
Moody’s, a company specialising in risk management solutions and commercial financial analysis, has given L’Oréal an “Aa1” rating. S&P Global Ratings gave the leading cosmetics company an “AA” rating.
At Moody’s, the solid history of the French cosmetics group was highlighted. The Aa1 rating attests to the company’s ability to innovate, coupled with a tendency to outpace market growth through exposure to growth segments and significant promotional spending libido-de.com.
Both agencies’ awards were accompanied by the analysis of a “stable” long-term outlook for the French cosmetics industrial group.
Finally, the agency applauded the group’s “excellent” cash position with €2.7 billion of cash on hand at the end of 2021.
Featured photo > L’ORÉAL REPORTS 20% SALES GROWTH IN Q3
Read also : © TFWA
