S&P downgrades its credit rating on Avon Products (AVP -1.4%) a notch to triple-B-minus, as...

|About: Avon Products, Inc. (AVP)|By:, SA News Editor

S&P downgrades its credit rating on Avon Products (AVP -1.4%) a notch to triple-B-minus, as it discounts the chance a material operating turnaround can be achieved. The cut leaves the company's credit on the verge of junk status, with S&P closely watching all the balls the company has in the air.