• Kering downgraded by 1-notch from A Negative to A- Stable.
  • Little surprise to us after guidance warning, but we did see a chance S&P may overlook it on equity analyst not extending the miss to 2H or future years. Given negative outlook pre-guidance cut, might have been a tough ask there.

CONSUMER CYCLICALS: Kering (NR, A- Stable) {KER FP Equity}

Last updated at:Apr-15 16:00By: Piri Muthu
  • Kering downgraded by 1-notch from A Negative to A- Stable.
  • Little surprise to us after guidance warning, but we did see a chance S&P may overlook it on equity analyst not extending the miss to 2H or future years. Given negative outlook pre-guidance cut, might have been a tough ask there.

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