Anastasia Beverly Hills has debt downgraded

摘要

US The debt racked up by beauty company Anastasia Beverly Hills has been downgraded by US credit rating agency Fitch Ratings.The Financial Times reported that disappointing revenues and declining sales had raised concerns about the brand's growth.As a result,Fitch lowered its rating of the brand's debt from double-B plus to single-B plus,a step down from the top rung high-yield universe.Fitch said this”reflects concerns that management may be unable to reverse the current negative trajectory”,revealed the publication.It added that this could”raise questions regarding the long-term health of the brand”.