Avon Products Inc (AVP.N)
27 Nov 2015
(The following statement was released by the rating agency) NEW YORK, November 05 (Fitch) Fitch Ratings has downgraded Avon Products, Inc.'s (Avon) Issuer Default Rating (IDR) to 'B+' from 'BB-'. Fitch has also downgraded the ratings on Avon's senior unsecured notes to 'B+/RR4' from 'BB-/RR4'. For issuers with IDRs at 'B+' and below, Fitch performs a recovery analysis for each class of obligations of the issuer. Issue ratings are derived from the IDR and the relevant Recovery Rating and not
Nov 4 Avon Products Inc, a direct seller of cosmetics, said it would look at dividend payments with a "more critical lens" in 2016, as it expects a bigger impact from the strong dollar.
Nov 4 Avon Products Inc, a direct seller of cosmetics, said it would look at dividend payments with a "more critical lens" in 2016 as it expects the dollar to have a bigger impact on results.
Avon Products Inc , which sells cosmetics door-to-door, is in talks with private equity firms about an investment through a stake sale in the struggling company, the Wall Street Journal reported on Thursday.
* Shares jump as much as 12.6 pct, before reversing course (Adds details, background; updates shares)
Sept 10 Avon Products Inc, a direct seller of cosmetics, is in talks with various private equity firms for a stake sale, CNBC tweeted, citing Dow Jones.
NEW YORK, Aug 18 Avon Products Inc is seeking approval of a $62 million settlement of a U.S. lawsuit accusing the cosmetics company of defrauding shareholders by concealing its failure to stop workers from bribing officials in China to win business.
July 14 A report claiming that Twitter Inc received an offer to be acquired for $31 billion attributed to Bloomberg LP is fake, Twitter and a spokesman for the news and financial data provider said on Tuesday.
(The following statement was released by the rating agency) NEW YORK, June 10 (Fitch) Avon Products, Inc. (Avon) terminated its $1 billion senior unsecured revolving credit facility on June 5, 2015, replacing it with a $400 million senior secured facility. Fitch Ratings had cited the company's declining liquidity as part of its rationale in the May 1, 2015 downgrade of the Issuer Default Rating to 'BB-' from 'BB'. Cash balances had been more than $1.1 billion from 2010 through 2013 and
NEW YORK The top U.S. securities regulator on Thursday charged a Bulgarian man with being an architect behind hoaxes that fraudulently drove up share prices of Avon Products Inc and two other companies through bogus takeover bids.