S&P: Jafra Cosmetics off watch, affirmed

Standard & Poor's said it affirmed its B+ corporate credit and B- senior subordinated debt ratings on Jafra Cosmetics International Inc.

At the same time, the ratings were removed from CreditWatch where they were placed on March 31. The outlook is stable.

S&P said the ratings on Jafra reflect the company's high debt leverage, exposure to foreign exchange risk, the intensely competitive cosmetics business and risks of direct sales distribution.

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