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Provider: ValuEngine, Inc.
Provider: ValuEngine, Inc.
Provider: Finlabo SIM Spa
Provider: Reuters Investment Profile

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L'Oreal SA's IDR rating at F1+ affirmed by Fitch Ratings-Reuters

Wednesday, 12 Feb 2014 06:45am EST 

L'Oreal SA:Fitch Ratings has affirmed L'Oreal SA's Short-term Issuer Default Rating (IDR) at F1+ - Reuters.The agency has also affirmed L'Oreal USA Inc's commercial paper (CP) programme, guaranteed by L'Oreal, at F1+.According to Fitch, the rating action follows L'Oreal's announcement that it will buy back 48.5 million of its shares from shareholder Nestle.Fitch estimates that L'Oreal could return to a small net debt position by 2016.According to the agency, the rating continues to reflect L'Oreal's business profile and financial flexibility. 

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