New York, June 29, 2015 -- Moody's Investors Service ("Moody's") today affirmed Revlon Consumer Product Corporation's ("Revlon") Ba3 Corporate Family Rating ("CFR") and revised the outlook to stable from negative. Concurrently, Moody's affirmed Revlon's Ba2 senior secured rating and its B2 senior unsecured rating. The change in outlook to stable reflects the company's improved operating performance since the acquisition of The Colomer Group ("Colomer") in 2013, the incremental decline in leverage in that time period and management's focus on continued deleveraging. While debt-to-EBITDA leverage is still high (5.5x at 3/31/15), Moody's expects that the company's ability to generate good free cash flow supports reducing leverage to under 5x by the end of FY2015 and ultimately to a level of 4x over the next 18 to 24 months.

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