Adecco: Moody's confirms "Baa1" and "stable" outlook


The rating agency appreciates the strong operational performance and the ability to generate strong free cash flow.

Moody's rating agency has confirmed the credit rating "Baa1" and the "stable" outlook for Adecco. The confirmation comes as the group occupies a dominant position in the world and displays a solid operational performance and its ability to generate a strong free cash-flow, said the agency Wednesday evening. The rating is valid since July 2015.

The stable outlook reflects the fact that the agency expects Adecco's organic growth rate to outpace GDP and margins to remain stable or increase.

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