Unilever PLC and Unilever N.V. are the joint parent companies of the Unilever group companies. The group is analyzed on a consolidated basis. The ratings on the Unilever group companies reflect the group's superior business profile as one of the world's largest and most diversified companies in the branded food and consumer product sector, offset by its moderate financial profile. Ratings are underpinned by Unilever's strong global market positions in its core categories. It is the global leader in various food categories, including ice cream, tea, sauces, spreads, and frozen foods. Since 2000, Unilever's already well-above-average business positions have been further strengthened through an active management of its food portfolio, including the acquisition of strong brands to increase its exposure