S&P revises Natura credit outlook to negative citing operational bottlenecks and revenue decline

S&P Global Ratings downgraded the outlook for Natura's 'BB' global and 'brAAA' national credit ratings from stable to negative. The revision reflects persistent challenges in cash flow generation and profitability, signaling a potential downgrade risk within the next 12 to 18 months due to operational inefficiencies and weakening demand.