Moody's Revises Adecco Group Outlook to Negative on Weakened Margins

04:43 AM EDT, 09/20/2026 (MT Newswires) -- Moody's Ratings changed its outlook on Adecco Group (ADEN.SW) to negative from stable, citing the company's weak gross margins, protracted deleveraging trajectory, and elevated credit metrics. The rating agency also affirmed the recruitment company's Baa1 long-term issuer rating, which was attributed to the company's market position, diversified services, revenue, and geographic reach, solid liquidity, among others, according to a Sept. 18 release.