By  on November 22, 2011

Moody’s Investors Service cut Avon Products Inc.’s long-term credit rating to “A3” from “A2” because the company has been unable to “stabilize weak operating trends” in key markets such as Brazil and North America.

The outlook on the rating, which has the direct beauty merchant four notches above junk-bond status, is negative.

To continue reading this article...

load comments
blog comments powered by Disqus