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LVMH: Moody's improves outlook

( - While affirming its 'A1' long-term and 'P-1' short-term ratings on LVMH, Moody's has improved its outlook to 'positive' (from 'stable') to reflect the group's strong operating performance since the rating was assigned over three years ago in July 2019.

The credit rating agency says that this performance has been reflected by an increase in size and improved profitability, as well as strong credit metrics, which quickly recovered after its acquisition of Tiffany.

Despite a more challenging macroeconomic environment, Moody's sees the French luxury goods giant as well positioned to continue to outperform its sector, and believes that it will further strengthen its credit metrics over the next 12 to 18 months.

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