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S&P: Elizabeth Arden BB-
Standard & Poor's said it raised the corporate credit rating on Elizabeth Arden Inc. to BB- from B+.
The outlook is stable.
S&P also raised its issue-level rating on Elizabeth Arden's senior unsecured notes due 2021 to BB- from B+, which was driven by the corporate credit rating upgrade.
The recovery rating is unchanged at 4, indicating its expectation of average recovery for debt holders in the event of payment default, the agency said.
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