The U.K.-based Unilever PLC and the Netherlands-based 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 consumer product sector, offset by its moderate financial profile. In 2001, Unilever had group sales of Ç51.5 billion ($47 billion). Food accounts for 55% of turnover and 57% of operating profit, with the group leading global markets in various categories, including ice cream, tea, sauces, spreads, and frozen foods. Its other division, home and personal care, includes fragrances, deodorants, soaps, and washing powders. Unilever's geographical diversity is unrivalled,
