New York, August 05, 2014 -- Moody's Investors Service said The Procter & Gamble Company's (Procter) announced plan to streamline its brand portfolio over the next 12-24 months is a modest near-term credit negative due to the loss of earnings and diversity, and the need to absorb stranded overhead. However, the earnings hit is not meaningful enough to affect Procter's Aa3 senior unsecured ratings or stable rating outlook, and the plan has important long-term benefits. These include a sharper strategic focus on faster growing and more profitable brands, the facilitation of structural cost reductions, and the likely curtailment of event risks that could more meaningfully and adversely diminish the company's significant scale, diversity and cash flow. For further information, please see the issuer comment posted to www.moodys.com.

Vollständigen Artikel bei Moodys lesen