Fitch affirms Avon

Fitch Ratings said it affirmed its ratings on Avon Products, Inc.'s and fully parent-guaranteed subsidiary Avon Capital Corp. as follows: long-term issuer default rating at A, short-term issuer default rating at F1, bank credit facilities at A, senior unsecured notes at A and commercial paper at F1.

The outlook remains negative.

Fitch added that the rating reflects Avon's unique position in the beauty market, as the world's largest direct-to-consumer seller of beauty and related products with last 12 month revenues of $9.4 billion.

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