ZUG, SWITZERLAND -- Galderma Group AG (SIX:GALD), the pure-play dermatology category leader, announced that S&P Global Ratings (S&P) has assigned the company a ‘BBB’ long-term issuer credit rating with a positive outlook.

The rating reflects Galderma’s strong track record of growth and its leading positions across Injectable Aesthetics, Dermatological Skincare and Therapeutic Dermatology. S&P notes the company’s well-established brand portfolio, global footprint, including an expanding presence in emerging markets, and continued investment in science-based innovation.

S&P highlights momentum from recent launches, including Nemluvio® (nemolizumab), alongside improving profitability and expanding free operating cash flow. The agency also notes Galderma’s disciplined financial policy, supporting expectations of continued deleveraging over the coming years.

The positive outlook indicates that an upgrade could be considered over the next 12-24 months subject to Galderma continuing to deliver profitable growth and maintaining credit-supportive metrics.

Galderma is also rated BBB (stable outlook) by Fitch.