THE WHAT? L’Oréal has announced it has received a Long-Term Issuer Credit rating of AA from Standard and Poor’s and an Issuer Rating of Aa1 from Moody’s.

THE DETAILS The outlooks assigned to the ratings by both agencies are ‘Stable’.

The ratings assigned by S&P and Moody’s are said to position L’Oréal as one of the highest-rated companies in Europe, with L’Oréal U.SA, stating they are “underpinned by the Group’s consistent track record of solid operating performance as well as its exceptionally strong credit metrics.”

THE WHY? L’Oréal. continued, “These long-term ratings will help the company further diversify its financing sources and enhance its access to capital markets, notably in the context of the re-financing of the share buyback announced on 7 December 2021, initially funded with short-term debt and available cash.”