EssilorLuxottica: Moody's changes outlook

(CercleFinance.com) - While affirming its long-term "A2" and short-term "P-1" issuer ratings on EssilorLuxottica, Moody's has changed its outlook from "positive" to "stable", reflecting "a degree of uncertainty for stakeholders" .


Knut Slatten, the analyst in charge of this rating, explains that he has downgraded the outlook, "to reflect a degree of uncertainty for stakeholders stemming from corporate governance issues, tempering the
positive pressure on EssilorLuxottica's credit profile".

However, the rating agency expects, that the Franco-Italian optical giant will continue to report solid performance over the coming quarters, enabling it to maintain the credit parameters that justify its "A2" rating.



Copyright (c) 2019 CercleFinance.com. All rights reserved.