Moody’s ups Adecco to Baa2

Moody's Investors Service said it upgraded the long-term ratings on Adecco SA and its guaranteed subsidiaries to Baa2 from Baa3.

The outlook is stable.

"Today's upgrade reflects Adecco's good operating performance, exemplified by improving profitability and strengthening credit metrics," Knut Slatten, Moody's lead analyst for Adecco, said in a news release.

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