One of the world's largest and most diversified operators in the consumer products sector. Strong and diversified brands. Broad geographic diversification, including significant presence in fast-growing emerging markets. Strong track record of innovation. Exposure to volatile input costs and to price-competitive Western European markets. Strong and resilient cash flow generation. Moderate financial policy. The stable outlook on Unilever PLC and Unilever N.V. (together, Unilever) reflects Standard&Poor's Ratings Services' view that the group will likely sustain a moderate financial risk profile owing to its resilient cash flows, even amid a cyclical downturn in consumer markets. In our view, Unilever's discretionary cash flow base of more than €1 billion per year gives it significant flexibility to fund its growth strategy
