BUSINESSTHE RIO TIMES
S&P Cuts Natura Outlook to Negative on Avon Unit Drag
S&P revised Natura Cosméticos S.A.’s Brazil national-scale rating outlook to negative from stable while affirming its ‘brAAA’ issuer and issue ratings. The agency maintained a ‘br3’ recovery rating on Natura’s unsecured debt, indicating an estimated 60% recovery in a hypothetical default.
Related Signal
Adjacent reporting
- Natura Shares Jump 5% Despite a Weaker Profit Warning
- Mexico Rating Outlook Revised to Negative at S&P as Debts Mount
- Brazil Markets: Ibovespa & the Real — July 21, 2026
- S&P keeps U.S. sovereign rating at AA+ with stable outlook
- Advent Reaches 8% of Natura, Winning Two Seats on the Beauty Group’s Board
- After 95% Drop, Brazil’s Worst Stock Is Ready for a Makeover