S&P: Bare Escentuals outlook positive

Standard & Poor's said it revised Bare Escentuals Beauty Inc.'s outlook to positive from stable and affirmed its ratings, including the B+ corporate credit rating.

The agency said the outlook revision is based on sustained improvement of the company's financial risk profile and attributed this improvement to ongoing debt reduction and strong operating performance, which has helped the company improve its key credit protection measures through the first half of 2008 despite challenging economic conditions.

The ratings on Bare Escentuals reflect the company's narrow product focus, participation in the highly competitive and fragmented cosmetics industry and the risks associated with expanding and upgrading its operating platforms, S&P said.

The company's strong market position in the mineral-based cosmetics segment of the cosmetics industry offsets these factors, in the agency's view.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.