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Monday, November 23, 2009
Moody's Hikes Procter & Gamble's Outlook To Stable
By Sue Chang
MarketWatch Pulse
SAN FRANCISCO -- Moody's Investors Service on Monday affirmed Procter & Gamble's Aa3 senior unsecured rating and revised its outlook to stable from negative. The revision reflects Procter and Gamble's resilience despite the weak global economy and slower organic growth, Moody's said. "P&G's Aa3 rating reflects its position as one of the best consumer products companies in the world with top tier brands and strong and stable cash flows. P&G's ratings will continue to be supported by its very strong consumer product brands, with broad product and geographic diversity, significant brand equity and leading market shares in multiple product categories, as well as a demonstrated track record of ongoing product innovation," said Janice Hofferber, a senior credit officer at Moody's.
Copyright © 2009 MarketWatch, Inc.
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