Moody's may up Adecco

Moody's Investors Service said it placed the Ba1 long-term debt ratings of Adecco SA and its guaranteed subsidiaries on review for possible upgrade.

On review are Adecco's senior implied rating, the senior unsecured rating of Adecco Financial Services (Bermuda) Ltd. and the senior unsecured rating of Olsten Corp.

According to Moody's, the delay in the publication of Adecco's audited accounts has not had a material impact on Adecco's business and that throughout the crisis the company maintained its operating performance.

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