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L’Oréal receives AA and Aa1 financial ratings

The L'Oreal SA logo sits on display outside a L'Oreal professional store in Paris, France, on Tuesday, Feb. 11, 2014. L'Oreal, the world's largest cosmetics company, agreed to buy back 8 percent of its stock for 6 billion euros ($8.2 billion) from Nestle SA, which has been an investor for 40 years. Photographer: Balint Porneczi/Bloomberg via Getty Images

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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

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