Company News

Cosmetic Industry Is on the Mend

S&P boosts Lauder's rating.

Author Image

By: TOM BRANNA

Editor

Standard & Poor’s boosted its outlook for Estée Lauder on Monday, saying the cosmetic industry is improving as is the company’s credit standing. The ratings agency revised its outlook to “Stable” from “Negative” and affirmed all its ratings, including an “A” long-term corporate rating and “A-1” short-term rating. Estée Lauder has a solid share of the market in skin care, makeup and fragrances, S&P said, despite “inhere...

Continue reading this story and get 24/7 access to Happi for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Happi Newsletters