Rating Action: Upgrade

Rating Date: Apr. 7

Moody's Investors Service has upgraded Revlon's ( REV) corporate family and probability of default ratings to B1 from B2.

Moody's also upgraded the company's $140 million asset-backed revolving credit facility to Ba1 from Ba2 and its $330 million senior secured notes to B2 from B3.

Revlon's $800 million secured term-loan facility rating of Ba3 was affirmed.

The outlook is stable.

"The upgrade of Revlon's corporate family rating to B1 reflects the company's ability to sustain operating and financial momentum despite the ongoing challenges of the macroeconomic environment and intensified competitive environment."

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