S&P shifts Edgewell view to stable

S&P said it revised Edgewell Personal Care Co.’s outlook to stable from negative and affirmed the BB ratings on the company and its senior unsecured notes. The recovery rating on the notes remains 2.

“The outlook revision to stable from negative reflects our expectation that Edgewell will continue to increase its top line while managing higher costs, such that adjusted debt to EBITDA stays in the low-3x area in fiscal 2022. Edgewell has improved its operating performance and credit metrics. Most recently, the company posted better than expected third-quarter results and raised its full year guidance and cost-saving target,” S&P said in a press release.

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