Moody's Downgrades Ontex Group Rating Citing Slower Earnings Recovery

12:09 AM EDT, 10/14/2026 (MT Newswires) -- Moody's downgraded the long-term corporate family rating of Ontex Group (ONTEX.BR) to B2 from B1 and changed its outlook on the company to stable from negative. In a Tuesday note, the rating agency attributed the action to expectations that the recovery of the Belgian personal care products company's operating performance and credit metrics will take longer than previously anticipated amid a bearish outlook for the group's earnings in 2026. The new stable outlook on the rating reflects Moody's expectation that over the next 12 to 18 months, Ontex's credit profile will continue to be in line with the new rating, assuming no material deterioration in the company's performance beyond what is already expected.