Moody’s turns Haleon view to positive

Moody’s Ratings said it revised its outlook for Haleon plc to positive from stable and affirmed its Baa1 ratings.

“The positive outlook factors in Moody's expectations that Haleon's Moody's-adjusted gross leverage will improve towards 3x on a Moody's adjusted basis in 2024, driven by EBITDA growth and debt repayments through free cash flow generation. The positive outlook is also predicated on the company continuing to organically grow its revenues at a strong pace while at least maintaining stable underlying margins,” the agency said in a press release.

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