Moody's could cut Revlon

Moody's Investors Service said it placed Revlon Consumer Products Corp.'s Ba3 corporate family rating, Ba3-PD probability of default rating and debt instrument ratings on review for downgrade.

The review follows the company's announced $660 million planned acquisition of Colomer Group, which is a privately held beauty care company focused on the professional salon channel.

Moody's said the review reflects its expectation that Revlon's debt-to-EBITDA leverage will increase as a result of funding the acquisition with debt.

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